Protests by tax, customs officials disrupting services
The crisis at the National Board of Revenue is deepening as disgruntled employees have launched a fresh five-day protest, demanding the chairman’s removal and the repeal of a new ordinance that splits the tax authority. The protest threatens to disrupt tax collection, delay trade and further strain the country’s revenue targets.
Govt must straighten out the kinks to ensure smooth transition
Touted as a historic overhaul, the move has ignited debate over whether it will drive meaningful reform or merely deepen the layers of bureaucracy, given the NBR's persistent failure to meet its targets.
The tax administrator organises a pre-budget discussion
NBR permission is setting a bad example, destabilising the housing market
Finance Adviser Salehuddin Ahmed yesterday said that increasing the efficiency of the National Board of Revenue (NBR) is essential for the growth of trade and commerce in the country.
Strengthening the security of state institutions is urgent
Stocks soared yesterday as investors cheered the substantial cut in capital gains tax by the National Board of Revenue (NBR) to encourage big local and foreign investors.
It has made a mockery of the revenue target set every year
The National Board of Revenue (NBR) has fallen short of its revenue collection target for the 12th consecutive year, with experts opining that the existing framework for tax collection is inadequate.
Faisal, his relatives undervalued their properties in official documents, claims ACC
Its vulnerability to hacking has emerged as a serious security threat
It will not reduce capital flight, only encourage malfeasance
The order is effective immediately
The corrupt should have no place in public service
Collusive abuse of power is a major reason why perpetrators of high-level corruption can get away scot-free in Bangladesh.
Although some steps were taken in the right direction, the measures proposed in the budget for the upcoming fiscal year centring macroeconomic stability, trade and investment are insufficient, experts and businesspeople opined in a discussion.
It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.
