Seven out of 19 customs agencies have been integrated
The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns.
The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.
Egg, sugar prices became cheaper to some extent, not other commodities, he says
Over 5 lakh submitted e-returns since July 1 to November 24
Around 57 percent of surveyed small and medium enterprises (SMEs) cited the existing tax structure as the main obstacle to doing business in compliance with the law, according to a report by the SME Foundation
Instead of holding an income tax fair, the National Board of Revenue (NBR) says it will have dedicated officials and special arrangements at field-level offices to extend tax services and facilitate return submissions throughout November.
The NBR relaunched the e-filing portal on Sep 9
The ninth edition of the tax fair ended yesterday with record numbers and a louder call for a functional online returns submission
Various types of corruption of the anti-graft body could be found if anyone looks into its affairs objectively, said National Board of Revenue (NBR) Chairman Md Mosharaff Hossain Bhuiyan yesterday.
Some 68 percent of the population do not pay tax despite having taxable income, according to a study by the Centre for Policy Dialogue.
In a bid to automate the value-added tax system, the revenue authority has ordered businesses clocking more than Tk 5 crore in annual turnover to use software in maintaining accounts and keeping tax-related records.
Tax authorities plan to audit foreign companies' transactions with their associated entities abroad from next year in order to reduce the scope for illicit fund transfer and tax evasion, said an official yesterday.
The National Board of Revenue is set to offer compliant businesses the privilege to clear their imported and exported goods fast by awarding them the status of Authorised Economic Operator (AEO) with a view to boosting international trade.
Bangladesh Customs Tariff, a compilation of import and export duty and other rates of taxes, has been published for the sixth consecutive year to help businesses, particularly importers and exporters, take decisions on overseas trade.
A rising number of entrepreneurs are joining the queue to establish private economic zones, tempted by the tax breaks and a host of other benefits offered by the government.
Private sector credit growth continued its downward course in May after many banks sincerely adopted a 'go slow' policy in disbursing fresh loans.
The National Board of Revenue missed its collection goal in the just concluded fiscal year despite logging about 20 percent growth in receipts, said an official citing provisional figures.
