Canada rolls out digital services tax, faces US pushback
Canada鈥檚 deputy prime minister on Thursday defended a digital services tax that was quietly rolled out last week, despite pushback from business groups and...
Tags : tax
Pakistan blocks 2.10 lakh SIM cards to encourage tax payment
Pakistan鈥檚 tax authority said Thursday it has blocked 2,10,000 SIM cards of users who have not filed tax returns in a bid to widen the revenue bracket...
S Alam must pay Tk 3,538cr in unpaid VAT: HC聽
The High Court said on Monday that S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd must pay unpaid Tk 3, 538 crore Value Added Tax that they evaded in...
No decision yet on metro rail fare hike
No decision has been made till Sunday night over the metro rail fare hike from Monday following the exemption of the Value Added Tax on tickets.....
Sugar-sweetened beverage taxation
CONSUMPTION of sugar-sweetened beverages, such as regular soda, fruit drinks, sports and energy drinks, sweetened waters, pop, cola, tonic fruit punch, lemonade, sweetened powdered drinks, and coffee and tea beverages with added sugars, is a major public health problem globally...
Govt must act to clear tax case backlog to increase revenue
AN AMOUNT of Tk 800 billion in revenue having been stuck because of about 30,000 cases pending with the Supreme Court, tax appeals commissioners and tax appellate tribunals largely suggests indifference, if not negligence, on part of government authorities. The cases involve, as revenue board statistics show, Tk 403.89 billion in 11,007 cases related to income tax...
25pc tax proposal on car import by MPs likely to be dropped
The finance bill for the upcoming financial year 2024鈥�25 is likely to be passed in parliament on Saturday, with the government backtracking from the imposition of a 25 per cent duty on car imports by lawmakers...
Kenya protesters vow to march again
Kenyan protest organisers called on Wednesday for fresh peaceful marches against deeply unpopular tax hikes, as the death toll from nationwide demonstrations climbed to 22, a state-funded rights body said, vowing an investigation...
Five killed in Kenya protests
Five people were shot dead and 31 wounded on Tuesday during protests in Kenya over proposed tax hikes, an NGO said...
Spain to eliminate tax on olive oil to ease price jump
Spain鈥檚 leftist government said Friday it will remove the value-added tax on olive oil, a staple of Spanish cuisine which has soared in price due to a severe drought that has caused...
Japan brand launches first film camera in 20yrs
A new Pentax film camera will be launched for the first time in two decades as demand for retro photography rises among young people, its Japanese manufacturer said Tuesday.
Tax amnesty to institutionalise corruption
Speakers in a post-budget discussion on Wednesday said that the country had been trapped into inefficiency while corruption was going to take on an institutional shape owing to the immoral scope of the legalisation of undisclosed assets...
ICT businesses concerned over tax waiver removal
Information technology sector leaders on Sunday expressed their concerns over some provisions in the proposed budget for the 2024-25 financial year, saying that the removal of tax exemptions for cloud services and IT process outsourcing could hamper the sector鈥檚 journey toward achieving self-reliance...
Lawmaker wants easier option to legalise undisclosed money
Independent lawmaker Suhrab Uddin on Sunday demanded five per cent tax instead of 15 per cent to legalise undisclosed money proposed in the national budget for 2024-25 fiscal...
RMG, textile businesses for source tax cut
Leaders of the country鈥檚 apparel and textile sectors on Saturday urged the government to reduce tax at source to 0.50 per cent from existing 1 per cent for the...
Justified govt spending needed to reduce tax burden on people: MCCI
The government should ensure that its project expenditures are justified and beneficial to the economy, which will help reduce the tax burden on people, according to the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI)...
FICCI for allocation for tax, VAT system automation
The Foreign Investors Chamber of Commerce and Industry has expressed concerns over lack of allocation or specific directions for the automation of tax, value-added tax and customs administration in the proposed budget for the 2024-25 financial year...
Tax measures to take toll on honest, relieve errant
Finance minister Abul Hassan Mahmood Ali on Thursday announced a series of measures, including reintroducing scope for legalising undisclosed money by paying tax at a...
Corporate tax cut to 25pc proposed
Bangladesh government is all set to curtail corporate income tax by 2.5 percentage points in a bid to encourage compliance with a condition of promoting cashless transactions....
Budget proposes option to legalize undeclared wealth with 15pc tax on immovable properties
Taxpayers in Bangladesh, including companies and firms, can now legalize their undeclared wealth by paying a 15 per cent tax on immovable properties without facing any questions about the sources of their income....
DSE urges NBR not to impose capital gain tax
The Dhaka Stock Exchange on Tuesday urged the National Board of Revenue not to impose any tax on capital gains of general investors in the upcoming national budget for the financial year 2024-25...
Candidates鈥� affidavits, tax returns mismatch
Anti-graft watchdog Transparency International Bangladesh found a mismatch between the affidavits and income tax returns of many wealthy candidates for the third phase of the upazila parishad election slated for May 29...
Unravelling taxation conundrum
IN AN era when digitisation is rapidly reshaping economies, Bangladesh stands at a crossroads. Online businesses, from聽 electronic commerce giants to freelance platforms, are creating employment and contributing to economic growth...
Digitalisation needed to check tax evasion: experts
Experts on Sunday said that digitalisation was needed to check tax evasion in the country...
Amnesty for legalising assets may continue聽聽聽聽聽
The government is likely give scopes for legalising undisclosed money by paying 15 per cent tax in the forthcoming FY25.
Approach to agricultural income
AGRICULTURE has played a vital role in Bangladesh鈥檚 gross domestic product since independence in 1971. Through the years, the economy of Bangladesh grew, and the income of the country surged from different other sectors, such as the service sector and manufacturing sector...
SC allows income tax collection from all pvt universities
The Appellate Division of the Supreme Court on Thursday cleared the way for the National Board of Revenue to collect outstanding income tax from three private universities...
HC starts hearing Tk 600cr tax evasion case of Prof Yunus
The High Court on Thursday started fresh hearing on two writ petitions filed by Grameen Kalyan, a nonprofit social business company founded by Nobel Laureate Muhammad Yunus, challenging the National Board of Revenue鈥檚 claim of Tk聽600 crore income tax from the company for the years 2013 to 2017...
PM endorses phasing out tax waivers
The National Board of Revenue will go ahead with its plans to phase out tax waivers from the upcoming new national budget to bolster the tax-to-GDP ratio, which is now...
NBR prepares to phase out聽tax waiver聽
The National Board of Revenue is likely to implement a roadmap to phase out tax waivers enjoyed by different sectors from the new financial year...