Tax and Customs

Tax and Customs

NBR’s national single window launched for simpler trade procedures

Seven out of 19 customs agencies have been integrated

6d ago

Tax return submission deadline extended to Jan 31

The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns. 

2w ago

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.

2w 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

1m ago

Electronic filing of tax return doubles since July

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

1m 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

1m 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.

2m ago

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

The NBR relaunched the e-filing portal on Sep 9

3m ago

Widen listed, non-listed tax gap

Merchant bankers have requested the government to further decrease the corporate tax rate for listed companies such that it attracts non-listed ones into going public. 

2y ago

Businesses upbeat over tax measures

Business chambers and trade bodies welcomed the business-friendly measures in the proposed budget for the next fiscal year as the country’s economy strives to recover from the fallouts of the pandemic, the Russia-Ukraine war and high inflation.

2y ago

Proof of tax return submission mandatory

Contractors and suppliers failing to submit proof of submission of income tax returns may have to pay an additional 50 per cent source tax from the next fiscal year.

2y ago

Higher tax barrier to digital inclusion

Taxes and fees as a percentage of mobile sector revenues in Bangladesh are more than double the Asia Pacific average, subsequently leaving a negative impact on access and use of mobile technology, says a GSMA report released yesterday.

2y ago

Hotline launched for Asycuda customs management system

The National Board of Revenue (NBR) launched a hotline number of 16134 to get services related to the Automated System for Customs Data (Asycuda) and customs.

2y ago

VAT on edible oil only 5% now

The National Board of Revenue (NBR) today cut value added tax (VAT) at imports of edible oil to 5 per cent from 15 per cent in line with the government's decision to reduce the indirect tax to give some relief to consumers.

2y ago

DCCI for lowering corporate tax rate by 2.5 percentage points

The Dhaka Chamber of Commerce and Industry (DCCI) today urged the National Board of Revenue (NBR) to cut the corporate tax for listed and non-listed companies by 2.5 percentage points in the next fiscal year.

2y ago

Ctg customs seize 1.68 crore cigarettes imported as ‘raw material for garments’

Officials of Chattogram Custom House today seized 1.68 crore cigarettes which were imported under false declaration and fake documents.

2y ago

CPD urges NBR to take tax measures to give relief to low-income groups

The National Board of Revenue (NBR) should reduce the duties and taxes, both at import and domestic levels, for essential commodities to provide some respite to consumers with low and limited income amid soaring inflation, said the Centre for Policy Dialogue (CPD) today.

2y ago

Reduce corporate tax in next national budget also: MCCI

The Metropolitan Chamber of Commerce and Industry (MCCI) today urged the government to continue reducing the corporate tax in the upcoming national budget and set a rational rate.

2y ago