Tax & Customs
Finance adviser urges NBR to reconsider duty structure
Finance and Commerce Adviser Salehuddin Ahmed yesterday asked the National Board of Revenue (NBR) officials to reconsider the duty structure of imported essential commodities in a bid to tackle persistent inflation..The adviser said essential commodities, namely edible oil, sugar, potato a
Waive port charges incurred amid recent unrest
The Bangladesh Shipping Agents’ Association (BSAA) has urged the government to waive all port charges incurred for delays in container handling amid the weeklong unrest, internet outage and stringent curfew that began on July 18..The BSAA, the country’s sole trade body for shipping agents,
Kaus Mia: a role model in a nation where tax noncompliance is rife
The late successful businessman had been one of the highest taxpayers in Bangladesh since 2010-11
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.
Investors in hi-tech parks, EZs may lose tax benefits
Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.
Alternatives to cash incentives planned for exports
The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.
FBCCI's plea for tariff protection devoid of reality
On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.
Tax on provident funds' income: One country, dual policy
A provision in the Income Tax Act 2023 created the discrimination
NBR grants tax benefits to 3 sectors
The government has provided tax benefits to three sectors, namely leather, asset management, and research, to boost competitiveness and foreign currency earnings.
Massive reforms needed in tax laws: experts
Massive reforms are required in tax and VAT laws to mobilise domestic resources and achieve the government’s target to become a developed country by 2041, according to experts.
BCI demands 5-year tax holiday for small businesses
The Bangladesh Chamber of Industries (BCI) yesterday demanded a five-year tax holiday for cottage, micro and small and medium enterprises (CMSMEs) beginning from fiscal year 2024-25 in order to foster their growth.
Insurers seek tax, VAT breaks in next budget
The Bangladesh Insurance Association (BIA), a platform for insurance companies, has proposed withdrawal of the VAT applicable to policyholders in order to help the health insurance sector expand.
Muneem reappointed as NBR chairman
His contractual appointment has been extended by two years
Post-LDC challenges now a headache for Bangladesh: finance secretary
The govt targets achieving one crore direct taxpayers by 2026, he says
Tax on provident fund incomes reduced to 15%
The National Board of Revenue (NBR) has cut the tax on the income generated by provident and other pension funds to 15 percent from 27.5 percent in the current fiscal year.
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
Retail VAT collection surges 10 times after EFD rollout
Now, NBR is getting around Tk 50,000 a month from each shop using the device.
