Tax

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    Drug producers seek cancellation of new VAT calculation method

    Jasim Uddin | Updated at 12:00am on August 25, 2019

    Bangladesh Association of Pharmaceutical Industries has demanded cancellation of the new calculation method of value-added tax for medicines to avoid ‘price hike’ of the life...

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    Exporters seek cut in or scrapping of source tax on cash incentives

    Staff Correspondent | Updated at 12:00am on August 25, 2019

    Exporters have demanded a reduction in or a withdrawal of source tax on cash incentives the government extends against export earnings to keep the country’s...

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    Banks dominate list of top corporate taxpayers

    Jasim Uddin | Updated at 12:00am on August 22, 2019

    Country’s bank sector with eight private commercial banks dominated the list of top-10 highest corporate taxpayers in last fiscal year (2018-2019) despite a cut in...

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    India govt panel for across board corporate tax cut to 25pc

    Reuters . New Delhi | Updated at 12:00am on August 21, 2019

    An Indian government panel has recommended cutting the corporate tax rate to 25 per cent from 30 per cent for all companies and scrapping surcharges...

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    NBR allows single BIN for firm with multiple units

    Staff Correspondent | Updated at 12:00am on August 21, 2019

    Firms run business operations through more than a unit or branch will be able to obtain single business identification number (BIN) instead of separate BINs...

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    Muhith gets duty-free car

    Staff Correspondent | Updated at 04:56pm on August 20, 2019

    The National Board of Revenue has allowed former finance minister AMA Muhith to release an imported car under the duty-free scheme meant for the Members...

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    Ride-sharing service cos to pay VAT

    Staff Correspondent | Updated at 12:00am on August 20, 2019

    Value-added tax at the rate of 5 per cent on ride sharing service will be applicable only on the service providing companies’ share in the...

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    New tax on stock dividend to be effective from next FY

    Staff Correspondent | Updated at 12:00am on August 19, 2019

    The new taxes imposed on listed companies’ stock dividend declaration and retained earnings will be applicable on the entities’ income for the current fiscal year...

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    Amazon.com defeats IRS appeal in US tax dispute

    Reuters | Updated at 12:00am on August 18, 2019

    Amazon.com Inc on Friday defeated an appeal by the US Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over...

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    1.50 lakh BINs face deactivation as VAT reg info not updated

    Staff Correspondent | Updated at 12:00am on August 16, 2019

    Some 1,50,000 business identification numbers (BINs) face deactivation as the BIN holders failed to comply with the National Board of Revenue’s directive to update their...

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