Tax

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    India likely to cut import tax on palm oil

    Reuters . New Delhi | Updated at 12:00am on December 29, 2018

    India is likely to cut import tax on palm oil, a government source said on Friday, in line with New Delhi’s trade agreements with Southeast...

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    NBR moves to procure EFD management system

    Staff Correspondent | Updated at 12:00am on December 26, 2018

    National Board of Revenue has launched a move to procure electronic fiscal device management system aiming to replace the existing electronic cash register machine by...

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    NBR not to reduce penalty for tax returns defaulters

    Jasim Uddin | Updated at 12:00am on December 25, 2018

    Income taxpayers will not get scope for paying penalty in reduced rate anymore for not filing income tax returns, National Board of Revenue said.According to...

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    Excise duty applicable to each lending, trade deal: NBR

    Staff Correspondent | Updated at 12:00am on December 24, 2018

    Excise duty would be applicable to every deal under lending facilities and trade facilities like loan against trust receipt, said National Board of Revenue....

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    NBR may ask Google, FB, other cos to set up offices in B’desh

    Jasim Uddin | Updated at 12:00am on December 23, 2018

    National Board of Revenue may ask global digital platforms like YouTube, Google and Facebook having earnings from Bangladesh to set up their offices in the...

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    NBR reforms survey zone to boost tax collection

    Jasim Uddin | Updated at 12:00am on December 23, 2018

    The National Board of Revenue has decided to conduct structural reform in its central tax survey zone to strengthen its capacity and effectiveness in conducting...

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    India cuts tax rates on some goods under nat’l sales tax

    Reuters . New Delhi/Mumbai | Updated at 12:00am on December 23, 2018

    India slashed the sales tax rate on over 20 items on Saturday in a move aimed at appealing to traders and the middle class after...

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    China pledges to step up tax cuts, keep liquidity ample to aid growth

    Reuters . Beijing | Updated at 12:00am on December 22, 2018

    China will step up tax cuts and keep liquidity ample in 2019 to help support economic growth, according to a statement from the official Xinhua...

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    12 more LCSs to get Benapass software

    Staff Correspondent | Updated at 12:00am on December 21, 2018

    The National Board of Revenue has decided to introduce ‘Benapass software’, which reduces the time for record keeping of vehicles engaged in transpiration of import-export...

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    Modi says most goods to be taxed at below 18pc GST

    Reuters . New Delhi | Updated at 12:00am on December 20, 2018

    India will tax most goods at below 18 per cent in a further simplification of the Goods and Services Tax, prime minister Narendra Modi said,...

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