Tk 2.26 lakh crore in tax evaded in 2023: CPD
The amount in tax evasion by the taxpayers reached approximately Tk聽226,236 crore in 2023, according to a study by the Centre for Policy Dialogue...
Tags : tax
NBR to chase TIN holders who fail to submit tax returns
The National Board of Revenue has taken a move to go after 73 lakh Taxpayers Identification Number holders who are not submitting their income tax returns.
Govt to focus on tax generation, NPL, says finance adviser
Finance adviser Salehuddin Ahmed on Sunday said that the government must increase the revenue generation to match with the gross domestic products...
NBR looking to expand base of VAT payers
The National Board of Revenue has taken a move to expand its Value Added Tax base, with a view to increase revenue collection for the national exchequer...
Ancelotti tells tax trial didn鈥檛 seek to defraud
Real Madrid coach Carlo Ancelotti denied in court having intentionally committed tax fraud on the opening day of his trial for allegedly failing to declare income to Spain鈥檚 tax office,聽the latest in a string of such cases targeting sports figures in the country...
Many taxpayers abuse scope of tax exemptions: NBR chair
National Board of Revenue chairman Abdur Rahman Khan said that many taxpayers abuse the exemption as the tax exemption practice always misuse loopholes in the taxation system...
NBR begins spot assessment
The National Board of Revenue (NBR) has launched a new Spot Assessment programme to simplify the tax payment system to expand the tax net...
Most TIN holders didn鈥檛 submit returns in past 10yrs: NBR chair
National Board of Revenue chairman Abdur Rahman Khan said that laws and rules regarding taxes had not been implemented fully and among the 1.13 crore taxpayers or tax identification number holders in the country, 80-85 lakh taxpayers had not submitted a tax return in the past 10 years...
NBR for not allowing tax exemption unnecessarily聽
National Board of Revenue chairman Md Abdur Rahman Khan said on Monday that the government had taken a vow not to allow tax exemption in the coming days unless it was inevitably necessary for the interest of the country...
Economists stress job creation, direct tax in budget
Economists in a pre-budget discussion on Sunday in the capital Dhaka suggested employment generation schemes, expansion of social spending and maintenance of a high food stock in the forthcoming financial year...
Uneven tax burden on low-income professionals
IN BANGLADESH, the tax deducted at source (TDS) system is designed to ensure timely tax collection and prevent evasion. However, for many low-income professionals 鈥� especially freelancers, consultants, and small business owners 鈥� this system has become an unnecessary financial burden. Despite earning less than the taxable income threshold, they often find...
CPD for raising tax-free income to Tk 4 lakh
The Centre for Policy Dialogue on Sunday urged the government to increase tax-free income threshold for personal income to Taka 4 lakh in the upcoming fiscal year 2025-26 (FY26) budget given the prevailing high inflationary situation...
PRE-BUDGET DISCUSSION: Tax exemption will be phased out: NBR
National Board of Revenue chairman Abdur Rahman Khan said that the tax on taxpayers who had been enjoying the reduced rate will gradually increase...
Cigarette tax overhaul can boost revenue by Tk 20b: experts
Experts at a workshop stressed the urgent need for an overhaul of cigarette tax structure, saying that reforms could generate an additional Tk 20 billion in government revenue and encourage millions to quit smoking...
PRE-BUDGET DISCUSSION: Businesses demand tax cuts, duty benefits
The industrialists in the leather goods and ceramic sectors, real estate businesses and reconditioned car traders demanded various tax cuts and duty benefits in the upcoming national budget for fiscal year 2025-26...
PRE-BUDGET DISCUSSION: Next budget may see cut in tax exemptions: NBR chair
National Board of Revenue Chairman Md Abdur Rahman Khan on Wednesday hinted that the tax exemption system might be removed in the forthcoming national budget...
Budget Proposal: MCCI for scrapping conditions on cash transactions for tax
The Metropolitan Chamber of Commerce and Industry (MCCI) on Tuesday laid emphasis on scrapping the conditions on cash transactions in corporate tax...
NBR clarifies instructions on VAT cut on supershop purchases
The National Board of Revenue, in an instruction issued on Tuesday, clarified that supershops selling goods at the maximum retail price cannot charge an additional value added tax from their customers as the VAT will be included in the retail prices or MRP...
NOAB for tax cut on newspaper industry聽聽聽聽
The Newspaper Owners鈥� Association of Bangladesh at a pre-budget discussion with the National Board of Revenue on Sunday demanded reducing customs duty, value-added tax and corporate tax on the newspaper industry.
Urgent fix needed for economic woes
Dr Fahmida Khatun expressed her disappointment over the decision to increase the Value Added Tax (VAT) rate and impose additional supplementary duties on more than 100 products by the interim government, just six months after it assumed power following the fall of the Awami League regime, which crumbled like ninepins in the face of a mass uprising in August last year...
No VAT on purchase at supershops
Customers will no longer have to pay value added tax for purchases at supershops...
DCs to help NBR to expand tax base: adviser
Finance adviser Salehuddin Ahmed on Monday said that deputy commissioners had been directed to assist National Board of Revenue identifying taxpayers outside Dhaka and Chattogram...
Submission of online tax returns allowed all year round
The National Board Revenue on Sunday said that the submission of income tax returns by individual taxpayers online could be made all year round.
1.4m taxpayers submit returns online: NBR
More than 1.4 million taxpayers have so far submitted their returns online this year while more than 1.8 million taxpayers have completed registration for e-returns.
Budget FY26: NBR asks for tax proposals from businesses
The National Board of Revenue has asked for proposals and recommendations from chambers and trade bodies to improve tax regulations, including Value-Added Tax, for the upcoming financial year 2025-26 budget...
Statutory orders for tax waivers scrapped for Shuchona Foundation聽
The National Board of Revenue issued a gazette notification on Monday, scrapping two statutory regulatory orders granting tax waivers for Saima Wazed Putul鈥檚 Shuchona Foundation...
WB prefers new tax measure only thru budget
Visiting World Bank vice-president Martin Raiser on Sunday said that the imposition of any new tax measure or tax expenditure should be made through the national budget...
Nine new tax zones to be set up
The government has given approval to set up nine new tax zones in different parts of the country, aiming to improve revenue collection...
Dhaka Chamber demands a simplified Tax, VAT system
Dhaka Chamber of Commerce and Industry (DCCI) President Taskeen Ahmed stressed the need for simplifying the tax and VAT system, also simplifying the system according to the size, nature, and capacity of the businesses by removing complexity and bottlenecks in the import-export procedures and fixing a realistic VAT rate...
Gazette issued on VAT exemption on foreign doctors鈥� fees
The government has issued a gazette exempting foreign doctors from paying Value Added Tax on the fees or consultation services they will provide to patients injured during the July-August uprising...