Tax and Customs

Tax and Customs

Newspaper owners demand cut in customs duty, tax

The Newspaper Owners' Association of Bangladesh (Noab) places budget proposals to NBR

5d ago

Int'l Customs Day celebrated in Cumilla

Customs, Excise and VAT Commissionerate of Cumilla celebrated “International Customs Day-2024” with the theme of “Customs engaging traditional and new partners with purpose" at Hotel Elite Palace in Cumilla’s Jhawtala on Friday.

1w ago

CIID seizes export goods over fake documents

Customs Intelligence and Investigate Directorate (CIID) seized a consignment of export goods after a readymade garments company tried to send products of higher value than their declaration

2w ago

Ensuring level-playing field for growth of mutual funds

The unequal taxation policy surrounding mutual funds in the capital market of Bangladesh raises concerns regarding the fairness for mutual fund investors. Specifically, the issue lies in the taxation of cash dividends from open-end funds, creating an imbalance between individual’s listed securities investments and mutual fund investments.

2w ago

Automated taxation system will increase revenue collection: DCCI

DCCI president emphasises the need for automated taxation to increase revenue collection

3w ago

Muneem reappointed as NBR chairman

His contractual appointment has been extended by two years

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.

NBR names 9 top VAT depositor firms of FY22

Five made it to the list for consecutive second year

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

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