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
Tax Commissioner Ikhtiar Uddin is heading the seven-member task force
Onion imports through Hili land port in Dinajpur resumed on Tuesday after being halted for four days due to a software glitch in Indian customs..The Indian customs had implemented an updated tariff regime at 4:45pm that day, reducing the export duty on onions from 40 percent to 20 percent.
Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.
The tax on cigarettes in Bangladesh should be raised in the national budget for fiscal 2024-25 to boost the country’s revenue generation and minimise health risks, according to experts.
Five associations representing the ICT sector yesterday demanded that the government extend tax exemptions on businesses offering software and IT-enabled service (ITES) till 2031, saying their development was crucial to the government’s vision for a Smart Bangladesh.
Metro rail commuters are expected to be required to pay 15% VAT on their ticket fares from July 1 as the National Board of Revenue (NBR) plans to discontinue the exemption.
A provision in the Income Tax Act 2023 created the discrimination
The Supreme Court yesterday asked its High Court Division to hold further hearing on two writ petitions that challenged the NBR orders asking Grameen Kalyan to pay around Tk 600 crore as income tax.
The NBR chairman urged businesses in Rajshahi to reduce their reliance on subsidies as such a tendency contradicts the country’s aspiration to become a developed nation by 2041.
The Appellate Division of the Supreme Court yesterday scrapped a High Court verdict that declared illegal the government orders which imposed 15 percent income tax on private universities and private medical, dental and engineering colleges.
The government is considering further incentives while emphasising ICT and advanced technology in order to increase the production of value-added products as part of preparations for graduation from least developed country (LDC) status, Chairman of the National Board of Revenue (NBR) Abu Hena Md Rahmatul Muneem said yesterday.
The Newspaper Owners' Association of Bangladesh (Noab) places budget proposals to NBR
