Tax and Customs

Tax and Customs

NBR to collect travel tax directly from outbound passengers

The National Board of Revenue (NBR) is set to introduce a new system for collecting travel tax directly from outbound passengers, replacing the current practice where airlines include the tax in ticket prices and later deposit it into the state coffer.

4d ago

Chittagong Chamber wants widening of tax net

The CCCI submitted 114 proposals for the upcoming budget

1w ago

Two-thirds of e-return filers don’t have taxable income: NBR chairman

Nearly 10 lakh out of 15 lakh e-return filers have submitted zero returns, he says at ERF event

4w ago

Tk 721 crore remittance case settled for just Tk 15,543 in taxes

SM Faruqi Hasan, founding president of the Ontario unit of the Awami League, is involved in the case

1m ago

Dhaka Chamber wants Tk 5 lakh as tax-free income limit

It also suggested reducing the highest income tax rate from 30% to 25%

1m ago

Businessman brought Tk 730cr as remittance to evade tax

A businessman has brought Tk 730 crore under the guise of remittances from abroad and claimed a tax break, creating suspicions of tax evasion among officials of the National Board of Revenue (NBR).

1m ago

NBR to go tough on tax return non-filers

The tax administrator organises a pre-budget discussion

1m ago

NBR eases VAT for supermarket shoppers

No additional 7.5% trade VAT for shopping at supermarkets

2m ago

Electronic filing of tax return doubles since July

Over 5 lakh submitted e-returns since July 1 to November 24

4m ago

Most SMEs cite tax structure as main barrier

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

4m ago

Special arrangements in Nov to help file tax returns

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.

5m ago

e-filing of tax returns crosses 50,000 in less than a month

The NBR relaunched the e-filing portal on Sep 9

6m ago

NBR forms taskforce to reform income tax law

Tax Commissioner Ikhtiar Uddin is heading the seven-member task force

6m ago

Onion imports resume thru Hili land port

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.

7m ago

Revenue target for FY25 to be left unchanged

The interim government will not bring down the revenue collection target for the current fiscal year as it aims to mobilise more domestic resources to reduce reliance on foreign loans, according to Finance and Commerce Adviser Salehuddin Ahmed.

7m ago

Abdur Rahman Khan made new NBR chairman

The government today appointed Abdur Rahman Khan as the chairman of the National Board of Revenue (NBR) by cancelling the contractual appointment of Abu Hena Md Rahmatul Muneem

8m ago

VAT claims against S Alam firms: Govt submits replies to HC rules

The government today submitted before the High Court replies to the rules which questioned the legality of its demand for unpaid VAT and the consequent fines of over Tk 7,000 crore from S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd

9m ago

HC questions govt demands of unpaid VAT from S Alam companies

The High Court today questioned the legality of government's demand for unpaid VAT and the consequent fines of over Tk 7,000 crore from S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd

9m ago