tax
Stocks jump as NBR cuts capital gains tax
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.
NBR reduces tax rate to 15% on capital gains above Tk 50 lakh
Prior to the rate cut, taxpayers had to pay 30 percent tax on the capital gains over Tk 50 lakh if the gains are realised in five years at any time of a year.
What does the new budget imply for menstrual health?
Dirty toilets, too much crowd, inadequate space, lack of privacy, and lack of water and soap in the toilets were cited as the top reasons for menstruating girls missing schools.
Gifts not sweet anymore as NBR mulls taxes
If someone receives a gift, they will have to show it in their income tax return at the end of the year. At the same time, the person who gives the present will also have to inform it in their income tax return.
A wrong signal is being sent by offering tax amnesty
Bank defaulters or tax evaders receive a number of amnesty and benefits for whitening black money.
Tax burden to get heavier, life even harder
The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.
Corporate tax cut to 25%
But companies must go cashless
Minimum tax unchanged
Tk 5,000 for those under Dhaka, Chattogram city corporations
NBR plans self-assessment of tax liabilities for all firms
The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.
Automated taxation system will increase revenue collection: DCCI
DCCI president emphasises the need for automated taxation to increase revenue collection
What lies ahead for Bangladesh’s economy?
To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.
Tax disputes of Tk 19,000cr pending at higher courts
The collection of nearly Tk 19,000 crore in direct taxes has been stuck at higher courts owing to cases filed by large corporates, some individuals and taxmen, according to the Large Taxpayers Unit (LTU) of the income tax department
Why are private employees' savings being taxed?
Unlike public sector retirees, private sector employees do not get pensions
Provident funds to pay 27.5% tax
Companies and organisations will be required to file tax returns on the income generated by employee welfare funds from the current fiscal year and pay a 27.5 percent tax on the earnings.
Bangladesh loses $361m tax a year: report
Bangladesh is losing $361 million worth of tax annually owing to the shifting of profits by multinational companies, especially into tax havens abroad, according to a report by the Tax Justice Network (TJN).
Tax bill proposes clipping ACC wings
Although tax returns are a key document for investigating illegal wealth, the Income Tax Bill 2023 proposes making it impossible for Anti-Corruption Commission officials to access a suspect’s tax files without a court order.
Remittance outflow crosses $100m -- thru legal channel
Outward remittances from Bangladesh through legal channels crossed the $100-million mark for the first time in 2021 as more foreigners are working in the fast-growing economy, data from a global organisation showed.
Tax return submission deadline extended till December 31
The National Board of Revenue today extended the deadline for income tax return submission till December 31.
Budget 2022-23: More tax for the rich
Bank accounts with upwards of Tk 1 crore in balance are set to face a higher excise duty next fiscal year as the government looks to collect more taxes from the relatively well-off to get close to the lofty revenue collection target.