New taxpayers will pay Tk 1,000 tax if their annual taxable income falls below Tk 450,000.
After five years, the income tax rate for the highest bracket is likely to revert to 30 percent in the upcoming fiscal year as part of the government’s efforts to address growing inequality — an issue that is among the country’s major economic concerns.
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 government has moved away from its decision to raise the highest income tax rate to 30 percent and end tax holidays for investors in economic zones and hi-tech parks.
While the cost of living remains high, with the inflation rate hovering at over 9 percent throughout the year, no ray of hope came for the common people in the budget declared yesterday. This is upsetting for the low and middle-income groups of society.
The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.
Threshold increased for women, senior citizens, physically challenged persons, third gender, freedom fighters
In the coming year, the NBR may announce tax rates that will not only be applicable for the outgoing income year 2023-24 but also for the next income year 2024-25.
The port city’s income tax department handed over the best taxpayer awards
The tax-free income limit for individual taxpayer has been increased in the proposed budget for FY 2020-21.
Finance Minister AHM Mustafa Kamal proposes to rise tax-free dividend income to TK 50,000 which is now Tk 25,000.
With a plan to collect more tax, Finance Minister AHM Mustafa Kamal proposes not to increase the tax rate.
For the first time, the government yesterday honoured 84 families from across the country with the title “Kar Bahadur” or tax icons for paying high amounts of tax with exemplary compliance for a long time.
The Supreme Court upholds a wage board provision that instructs the owners of newspapers and news agencies to pay the income tax of their employees.
The government undertakes initiative to set up tax office at the upazila level across the country, Finance Minister Abul Maal Abdul Muhith tells parliament.
Individual taxpayers have received two months more to submit their returns for the current fiscal year.
