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S&P says India’s corporate tax cuts ‘credit negative’
Reuters . Mumbai | Updated at 12:00am on September 22, 2019
Rating firm S&P Global said on Friday India’s move to cut corporate tax rates was a ‘credit negative development’ despite potentially boosting the economy as...
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Travel tax collection dips though passengers’ number rises in FY19
Jasim Uddin | Updated at 12:00am on September 20, 2019
Travel tax collection from outgoing international passengers witnessed a negative growth of 7.90 per cent in last fiscal year of 2018-2019 although the number of...
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GST panel unlikely to favour tax rate cut for India auto sector
Reuters . New Delhi | Updated at 12:13am on September 18, 2019
India’s goods and services tax (GST) panel is unlikely to approve lowering the tax for the auto and allied components sector this week, as a...
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NBR asks field offices to issue e-BIN within 3 days of plea submission
Jasim Uddin | Updated at 12:00am on September 17, 2019
The National Board of Revenue has instructed its field offices to issue online business identification number within three working days of getting application from businesses...
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China to exempt US pork, soya beans from additional tariffs: Xinhua
Reuters . Shanghai | Updated at 12:01am on September 15, 2019
China will exempt some agricultural products from additional tariffs on US goods, including pork and soya beans, China’s official Xinhua News Agency said Friday, in...
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European Union considers energy taxes to counter climate change
Reuters . Helsinki | Updated at 12:00am on September 15, 2019
The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany...
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NBR inaction risks smooth run of online VAT system
Jasim Uddin | Updated at 12:00am on September 15, 2019
The National Board of Revenue has made no progress in taking over the automated value-added tax system from the Vietnamese firm posing serious risks to...
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Google agrees nearly 1b euro tax settlement with France
Agence France-Presse . Paris | Updated at 12:00am on September 14, 2019
US internet giant Google has agreed a settlement totalling 965 million euros ($1.07 billion) to end a tax dispute in France under an agreement announced...
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Banks asked to deduct 5pc source tax on saving tools up to Tk 5 lakh
Staff Correspondent | Updated at 12:00am on September 12, 2019
Bangladesh Bank on Wednesday asked all scheduled banks operating in the country to take necessary steps on deduction of source tax at the rate of...
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Bank depositors pay Tk 6,577cr in source tax in FY19
Staff Correspondent | Updated at 12:00am on September 12, 2019
The National Board of Revenue has collected Tk 6,577 crore in source tax from bank depositors with a significant growth at 16.18 per cent in...
Sunday, September 22, 2019
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