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Source tax on exports cut to 0.25pc for all sectors
Staff Correspondent | Updated at 12:00am on October 22, 2019
The government on Monday slashed the source tax on export proceeds for all sectors, including readymade garment, to 0.25 per cent from 1 per cent...
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NBR aims to cut export-import process completion time to 1-2 days in 3yrs
Staff Correspondent | Updated at 12:56am on October 21, 2019
The National Board of Revenue has set a target of reducing the time for completing import procedures to two days and that for export procedures...
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NBR slashes VAT on mild steel, reduces duty on bidi
Staff Correspondent | Updated at 12:00am on October 18, 2019
The National Board of Revenue has further slashed the value-added tax on mild steel products and a number of raw materials for steel sector to...
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NBR eases central BIN issuance to large cos
Staff Correspondent | Updated at 12:00am on October 16, 2019
The National Board of Revenue relaxed the rules for issuance of central business identification numbers to large manufacturers to facilitate obtaining of central BINs by...
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US-China tariffs on everything may be the ‘new normal’
Reuters . Washington | Updated at 12:00am on October 15, 2019
US president Donald Trump called his phase 1 trade deal with China ‘by far, the greatest and biggest deal ever made,’ even though nothing was...
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Large cos facing technical problems in filing VAT returns online
Staff Correspondent | Updated at 12:00am on October 15, 2019
Large taxpayers are facing difficulties in filling value-added tax returns online due to various technical complexities and problems in the server of the National Board...
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NBR suffers Tk 9,318cr shortfall in revenue receipt in July-Aug
Staff Correspondent | Updated at 12:00am on October 14, 2019
Revenue collection by the National Board of Revenue fell Tk 9,318 crore short of its target in July-August of the current fiscal year 2019-2020 due...
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Energy ministry urges NBR to reinstate VAT exemption
Jasim Uddin | Updated at 12:00am on October 13, 2019
Power energy and mineral resources ministry has requested the National Board of Revenue to reinstate VAT exemption to international oil companies on production and supply...
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Tax waiver for EZ essential goods makers for local market to go
Jasim Uddin | Updated at 12:00am on October 13, 2019
Income tax waiver the government offers economic zones-based manufacturers of essential commodities and some other products may go if the products are produced for the...
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EU removes UAE, Switzerland, Mauritius from tax haven lists
Reuters . Luxembourg | Updated at 12:00am on October 11, 2019
European Union finance ministers agreed to remove the United Arab Emirates, Switzerland and Mauritius from the bloc’s lists of countries deemed to be acting as...
Tuesday, October 22, 2019
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