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.
Facebook paid £4,327 corporation tax in 2014
Social network giant Facebook pays just £4,327 ($6,643) in corporation tax in 2014, its latest UK results show.
Barcelona's Lionel Messi cleared in tax case but father Jorge accused of fraud
Barcelona prosecutors have cleared Lionel Messi in a tax fraud case but are seeking an 18-month prison sentence for his father, Jorge.
Income tax fair begins today
The sixth annual tax fair begins throughout the country from today.
Sotheby's to auction former owner's $500m art collection
Works by Modigliani, Picasso and Thomas Gainsborough, owned by the former owner of Sotheby's, are to be sold by the auction house later this year.
Exporters to pay 0.6pc tax at source
Exporters including apparel manufacturers will have to pay 0.6 percent tax at source on their income from exports from the upcoming fiscal year, as the government reduced the rate from the proposed 1 percent.
Export tax rises to 1pc
Finance Minister AMA Muhith in his budget speech proposes an increase of tax at source for all export sectors to 1 percent.
Income tax ceiling now Tk 2.5 lakh
Finance Minister AMA Muhith proposes increasing the ceiling of tax-free income to Tk 2.50 lakh from Tk 2.20 lakh.
Muhith unveils Tk 2.95 lakh crore budget
Finance minister is unveiling the budget for 2015-16 fiscal – what is believed to be a jumbo size of around Tk 295,100 crore.
Capitol lockdown ends after man shoots himself
A temporary security lockdown at the US Capitol comes to an end after a man shot himself dead in front of the complex on Saturday, police said.