Tax and Customs

Tax and Customs

Panel formed to make tax expenditure policy

The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.

2d ago

Tax cuts yield limited impact on rising commodity prices: NBR chairman

Egg, sugar prices became cheaper to some extent, not other commodities, he says

1w ago

Electronic filing of tax return doubles since July

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

3w 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

3w 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.

1m ago

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

The NBR relaunched the e-filing portal on Sep 9

2m ago

NBR forms taskforce to reform income tax law

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

2m 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.

3m ago

Int'l Customs Day celebrated in Cumilla

Customs, Excise and VAT Commissionerate of Cumilla celebrated “International Customs Day-2024” with the theme of “Customs engaging traditional and new partners with purpose" at Hotel Elite Palace in Cumilla’s Jhawtala on Friday.

10m ago

CIID seizes export goods over fake documents

Customs Intelligence and Investigate Directorate (CIID) seized a consignment of export goods after a readymade garments company tried to send products of higher value than their declaration

11m ago

Ensuring level-playing field for growth of mutual funds

The unequal taxation policy surrounding mutual funds in the capital market of Bangladesh raises concerns regarding the fairness for mutual fund investors. Specifically, the issue lies in the taxation of cash dividends from open-end funds, creating an imbalance between individual’s listed securities investments and mutual fund investments.

11m ago

Automated taxation system will increase revenue collection: DCCI

DCCI president emphasises the need for automated taxation to increase revenue collection

11m ago

Muneem reappointed as NBR chairman

His contractual appointment has been extended by two years

11m ago

Revenue receipts tick up but fall short of target

The revenue collection growth rose slightly in the July-November period of the current financial year on the back of higher income and value-added taxes

1y ago

Post-LDC challenges now a headache for Bangladesh: finance secretary

The govt targets achieving one crore direct taxpayers by 2026, he says

1y ago

42 top Ctg taxpayers honoured

The port city’s income tax department handed over the best taxpayer awards

1y ago

ASM Mohiuddin Monem again becomes Cumilla’s top taxpayer

It is Monem's 10th consecutive top taxpayer award from the zone

1y ago

Tk 21,500cr VAT cases pending in courts: NBR

Around 10,000 cases for recovering a combined Tk 21,500 crore in value added tax (VAT) remains held up in different courts across Bangladesh, according to data of the National Board of Revenue (NBR).

1y ago