Tax and Customs
Revenue receipts tick up but fall short of target
The revenue collection growth rose slightly in the July-November period of the current financial year on the back of higher income and value-added taxes
Post-LDC challenges now a headache for Bangladesh: finance secretary
The govt targets achieving one crore direct taxpayers by 2026, he says
42 top Ctg taxpayers honoured
The port city’s income tax department handed over the best taxpayer awards
ASM Mohiuddin Monem again becomes Cumilla’s top taxpayer
It is Monem's 10th consecutive top taxpayer award from the zone
Tk 21,500cr VAT cases pending in courts: NBR
Around 10,000 cases for recovering a combined Tk 21,500 crore in value added tax (VAT) remains held up in different courts across Bangladesh, according to data of the National Board of Revenue (NBR).
14 individuals, 12 firms on top taxpayers' list for 8th straight year
It comes as the NBR unveiled the names of 141 individuals and companies as the highest taxpayers for the assessment year of 2022-23.
NBR exempts withholding tax on interest payment of foreign loan
The National Board of Revenue (NBR) has provided exemption to the withholding tax on the interest earnings of foreign lenders who are lending to local firms for three months, according to a notification.
Shahnaz Rahman among top taxpayers of FY 23
The Daily Star Editor Mahfuz Anam, Prothom Alo Editor Matiur Rahman also on the list
E-payment mandatory for depositing VAT of Tk 10 lakh and above
Businesses will have to deposit value-added tax (VAT) of Tk 10 lakh and above through electronic payment or automated chalan from the first day of January next year, the National Board of Revenue (NBR) said yesterday.
Interest rates for NBFIs rise further
The interest rates of loans and deposits in non-bank financial institutions (NBFIs) increased further as the central bank hiked the interest margin by 25 basis points to make money costlier with the aim to curb skyrocketing inflation.
Income tax act lacks pro-people attitude
no provision was included for the extension of tax return submissions after the expiration of the set timeframe
Ctg chamber wants Jan 31, 2024 as tax return submission deadline
The deadline is scheduled to end on Nov 30
Indian multinational faces Tk 7.03cr fine
An Indian multinational company which took part in the construction of Dhaka’s first elevated metro rail is facing a penalty of Tk 7.03 crore for delaying the filing of income tax return for fiscal year 2019-20.
IMF mission unimpressed with NBR’s collection plan
The visiting mission from the International Monetary Fund was not fully convinced with the plans laid out by the National Board of Revenue on accelerating the tax collection to raise the tax-to GDP ratio by 0.5 percentage points in the current fiscal year.
Rules relaxed for Best Holdings’ IPO on three conditions
Best Holdings is the owning entity of Le Méridien Dhaka
Bangladesh loses $361 million tax a year for corporate tax abuse
A report by the Tax Justice Network (TJN) reveals
