Tax

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    Govt may lower ceiling for NRBs to get CIP status

    Staff Correspondent | Updated at 12:05am on July 13, 2018

    The government may lower the ceiling on investment in wage earner development bond, US dollar premium bond and investment bond for awarding commercially important person...

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    DIFE proposes organogram for industrial safety unit

    Staff Correspondent | Updated at 12:05am on July 10, 2018

    The Department of Inspection for Factories and Establishments has proposed an organogram involving 123-strong manpower and eight divisional offices for the planned industrial safety unit...

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    Govt scraps VAT exemption on int’l flights’ airport charges

    Jasim Uddin | Updated at 12:05am on July 10, 2018

    The government has withdrawn value-added tax exemption three weeks after offering the benefit on port services for operating international flights as the benefit was given...

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    Parties seek more time to finalise proposals

    Staff Correspondent | Updated at 12:05am on July 09, 2018

    Both factory owners and workers’ representatives to the readymade garment sector minimum wage board on Sunday failed to submit their wage proposals in the second...

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    Salaried persons with doubtful bank balance to face NBR audit

    Jasim Uddin | Updated at 12:05am on July 09, 2018

    Salaried persons will face audit if income tax officials find inconsistency between the income shown by taxpayers and the fund credited to their bank accounts....

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    ACC summons seven businessmen for interrogation

    Staff Correspondent | Updated at 12:05am on July 09, 2018

    The Anti-Corruption Commission has summoned seven businessmen named in Panama and Paradise papers for interrogation over their alleged involvement in making illegal wealth through money...

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    NBR retains mandatory use of e-tracking tech despite business opposition

    Staff Correspondent | Updated at 10:47pm on July 07, 2018

    The National Board of Revenue has retained the mandatory use of electronic seal and lock, an e-tracking technology, on export-import containers for both way transportations...

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    NBR amends VAT rules, forms to help online returns submission

    Staff Correspondent | Updated at 12:05am on July 06, 2018

    National Board of Revenue has brought amendments to the VAT rules and forms to facilitate online submission of VAT returns. NBR in June 19 issued...

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    Muhith warns of action as internet VAT cut decision not implemented

    Staff Correspondent | Updated at 12:05am on July 05, 2018

    Finance minister AMA Muhith on Wednesday warned that action would be taken against internet service providers reluctant to reduce value-added tax for end users in...

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    NBR sets criteria for AEO status

    Staff Correspondent | Updated at 10:18pm on July 02, 2018

    National Board of Revenue has framed rules providing a set of benefits including completion of physical examination of import-export goods on the business premises, instead...

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