Tax

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    Tofail hints at 12pc new VAT rate

    Staff Correspondent | Updated at 10:20pm on May 23, 2017

    Commerce minister Tofail Ahmed on Tuesday hinted at reducing the rate of proposed 15 per cent Value Added Tax to 12 per cent with the...

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    Addl SD to be slapped on mobile services, tobacco after VAT rate cut

    Jasim Uddin | Updated at 11:19pm on May 22, 2017

    The government is set to impose additional supplementary duty (SD) on some sectors like tobacco and mobile services to compensate the revenue loss due to...

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    Govt may raise tax-free income limit for individual taxpayers

    Staff Correspondent | Updated at 10:26pm on May 21, 2017

    The government may raise the tax-free income ceiling for individual taxpayers in the coming national budget for fiscal year 2017-18 following demands from different quarters...

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    NBR firm on single VAT rate

    Staff Correspondent | Updated at 11:03pm on May 20, 2017

    The National Board of Revenue on Saturday said it still preferred a single and uniform rate of value-added tax in the new VAT act claiming...

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    VAT-free turnover limit to be Tk 36 lakh

    Staff Correspondent | Updated at 10:56pm on May 17, 2017

    The National Board of Revenue has finalised the VAT-free annual turnover limit for small-scale traders at Tk 36 lakh from next budget, amending the ceiling...

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    Edible oil set to be VAT-free from July

    Jasim Uddin | Updated at 11:16pm on May 16, 2017

    The government has decided to keep edible oil out of value-added tax net in the new VAT law to ensure affordable price of the product...

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    NRBs to get respite from paying remittance charges: Muhith

    Staff Correspondent | Updated at 10:08pm on May 13, 2017

    The government will exempt expatriate Bangladeshis from paying charge for sending remittance money to the country to encourage them to transfer remittance through the banking...

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    Steel millers demand continuation of 5pc VAT on rod prices

    Staff Correspondent | Updated at 10:25pm on May 10, 2017

    The re-rolling mills owners on Wednesday demanded for lowering the VAT to highest 5 per cent from 15 per cent stipulated in the new VAT...

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    VAT exemption list may be doubled

    Jasim Uddin | Updated at 10:17pm on May 10, 2017

    The number of VAT exempted products and services is likely to be doubled in the new VAT law from the items currently enjoying exemption to...

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    VAT rate to be brought down to a ‘comfortable’ level : Muhith

    Staff Correspondent | Updated at 10:17pm on May 10, 2017

    Finance minister Abul Maal Abdul Muhith on Wednesday hinted about a potential change in VAT rate stipulated at 15 per cent in the new VAT...

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