VAT
Taxpayers need not submit hard copies to VAT office
Aiming to encourage e-return filing and reduce hassles, taxpayers will no longer be required to submit hard copies related to value-added tax (VAT) returns to the VAT office if they file an e-return, the National Board of Revenue (NBR) said.
VAT on import and trading of edible oil slashed
NBR also exempted VAT at production and trading of the highly import-based edible oil
VAT on amusement parks may increase
Tour operator services, which include hotels and resorts as well as tour guides, may also no longer enjoy a 15 percent VAT exemption.
15pc VAT on Metro Rail: Quader requests PM to reconsider NBR’s decision
Dhaka is one of the most unliveable cities in the world, which does not go hand-in-hand with the progress made by the country, says the road transport and bridges minister
Why VAT on imported software does not make any sense
It goes without saying that this whopping 20% increase in import duty for software is a massive one. Not only does it mean an increased price tag for essential software like Word and Windows OS, but it also reduces the accessibility of premium, full versions of such software for local users.
‘Rise in tax to fuel prices of construction materials’
Realtors today said the cost of various raw materials, including rod and lift, will increase in the next fiscal year because of the increase in value added tax and customs tariff.
Mobile handsets to be costlier
The price of the handsets will go up as the government today proposed 5 percent value-added tax on mobile handset sales.
Accelerate use of EFDs, ramp up monitoring
The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
VAT Intelligence freezes bank accounts of Mr Baker Cake & Pastry Shop
The VAT Intelligence has frozen bank accounts of Mr Baker Cake & Pastry Shop on allegation of evasion of value added tax, said its Director General Moinul Khan.
Garbage dumped to collect VAT from Cox’s Bazar hotels
Cox’s Bazar municipality authorities have dumped garbage in front of four residential hotels in a bid to collect taxes as the hotel managements did not pay it despite several notices were served.
Realise revenues from Google, Facebook, YouTube, HC asks govt
The High Court orders the government to realise appropriate tax, VAT and other charges from the revenues earned by different digital platforms like Google, Facebook, Amazon, Yahoo and YouTube.
Dual policy for tobacco
Contrary to its policy of discouraging tobacco cultivation, the government has retained the VAT exemption facility for unprocessed
Ministers stand by Muhith
Ministers and senior MPs from the ruling alliance yesterday in parliament spoke in defence of Finance Minister AMA Muhith and
New Vat Plan: Govt may back off for now
The government may backtrack on its plan to implement the new VAT law from July this year, in the face of pressure from a section of
Meeting the revenue target
The government's focus on mega projects, skills development and job creation are commendable.
VAT to push up cost of living
The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.
Electronic cash register outside district towns to be mandatory
To ensure deposition of VAT by traders outside district towns, the government has planned to make it mandatory for trading units outside the district towns to use Electronic Cash Register (ECR) and point of sale (POS) system.
Package VAT doubled for small traders
In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.
Govt backtracks on new VAT law
The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).