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
Businesses with annual turnover of up to Tk 30 lakh are likely to be excused from paying value-added tax, after the government caved
The government has decided not to impose a 4 percent value-added tax on e-commerce as proposed in the budget for the next fiscal
Tax collection growth slowed in April on the back of a decline in income tax receipts for the first time since fiscal 2007-08.
The government is likely to reduce the corporate tax for financial institutions, even though the move would lead to revenue losses of about Tk 1,000 crore.
The government is likely to offer a tax break to the automobile, tyre and bicycle industries to promote growth and investment in the sectors, an official said yesterday.
Planning Minister AHM Mustafa Kamal yesterday criticised Bangladesh's high tax rates, saying it prevents government from earning more revenue for the country.
Tax collection improved in March with economic activities regaining pace as the violent political situation gradually subsided.
The Dhaka and Chittagong stock exchanges yesterday requested the National Board of Revenue to increase the ceiling for tax-free dividend income to Tk 50,000 from Tk 20,000 at present.
The revenue administration has tightened rules to prevent the use of fake taxpayer identification numbers by dishonest people for various purposes, including land and vehicle registration, at public and private agencies.
Bangladesh has at least 10,152 people with individual net wealth of more than Tk 2 crore, according to data compiled by the National Board of Revenue. But taxmen and analysts said the number of wealthy people and the amount of wealth shown by taxpayers should be higher from the viewpoint of property price spirals and the rise in the number of apartments and expensive cars.
