Tax

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    China, US kick off new round of tariffs in trade war

    Reuters . Beijing | Updated at 12:25am on September 02, 2019

    China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, despite signs...

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    5pc tax on NSCs up to Tk 5 lakh from Aug 28

    Staff Correspondent | Updated at 12:09am on September 02, 2019

    The National Board of Revenue has issued a statutory regulatory order, slashing the tax at source on interest income from investment on savings instruments worth...

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    LTU collects Tk 142 crore thru ADR in VAT disputes

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on September 01, 2019

    The Large Taxpayers Unit (LTU) under the Value Added Tax (VAT) Department of the National Board of Revenue (NBR) collected Taka 142.12 crore in the...

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    NBR to prosecute taxpayers for non-submission of returns

    Staff Correspondent | Updated at 12:00am on September 01, 2019

    The National Board of Revenue has decided to file cases with court against taxpayers on case-to-case basis for non-filing of income tax returns as a...

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    AIT on steel raw material import slashed

    Staff Correspondent | Updated at 12:00am on August 29, 2019

    The National Board of Revenue has reduced the advance income tax on import of raw materials for steel manufacturers to Tk 500 per tonne from Tk 800...

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    36 cos evade Tk 3,390cr VAT: NBR

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 12:00am on August 28, 2019

    Some 36 multinational and local companies have dodged Value Added Tax (VAT) of Tk 3,390 crore. Large Taxpayers Unit (LTU) of National Board of Revenue...

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    AIT on capital machinery import to be withdrawn

    Jasim Uddin | Updated at 12:00am on August 28, 2019

    The National Board of Revenue is set to exempt payment of advance income tax on import of all types of capital machinery by manufacturers. Currently,...

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    Trump says China trade talks coming, Beijing calls for calm

    Reuters . Beijing | Updated at 12:00am on August 27, 2019

    The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and US president Donald Trump predicting a...

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    India plans extra tax on vegetable oil imports to boost domestic output

    Reuters . Mumbai/New Delhi | Updated at 12:00am on August 27, 2019

    India plans to impose an extra 5 per cent tax on vegetable oil imports within weeks and use the revenue to help boost the country’s...

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    French, US officials strike draft compromise on French digital tax

    Reuters . Biarritz | Updated at 12:00am on August 27, 2019

    French and US negotiators have reached a compromise agreement on France’s digital tax, a levy which prompted US president Donald Trump to threaten a separate...

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