Tax

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    NBR tightens conditions of bond licence issuance

    Jasim Uddin | Updated at 11:01pm on July 04, 2020

    The National Board of Revenue has tightened the conditions of issuing bonded warehouse licence to prevent misuse of duty-free import facility under bond licence. The...

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    NBR unveils 1-page tax returns form for marginal taxpayers

    Staff Correspondent | Updated at 10:48pm on July 02, 2020

    The National Board of Revenue unveiled a one-page income tax returns form for marginal taxpayers to simplify the tax payment process and encourage people to...

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    Import duty waiver for PPE, masks, raw materials extended to Sept 30

    Staff Correspondent | Updated at 10:47pm on July 02, 2020

    The National Board of Revenue has waived the duty on import of 17 types of products that include personal protective equipments, disinfectants, masks and raw...

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    Corporate tax collection rises by 15.37pc in FY20

    Jasim Uddin | Updated at 10:42pm on July 02, 2020

    Corporate income tax collection by the large taxpayers unit of the National Board of Revenue increased by 15.37 per cent in the just concluded fiscal...

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    Businesses must display BIN on premises

    Staff Correspondent | Updated at 10:39pm on July 01, 2020

    It has been made mandatory for Value Added Tax-registered businesses and shops to display their business identification certificates on their premises from now on. Business...

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    VAT returns not mandatory for loans: NBR

    Staff Correspondent | Updated at 11:14pm on June 30, 2020

    VAT intelligence unit of the National Board of Revenue on Tuesday withdrew its decision of making submission of VAT returns mandatory for getting loans from...

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    Misuse of tax benefits by fish, poultry businesses continues unabated

    Jasim Uddin | Updated at 10:50pm on June 28, 2020

    Misuse of tax benefits given to fish and poultry sectors has continued unabated due to lack of proper mechanism of the National Board of Revenue...

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    Govt to review 2 VAT measures opposed by businesses

    Jasim Uddin | Updated at 10:29pm on June 25, 2020

    The government may review the proposed increase in deposit to be made by businesses for VAT related dispute settlement and introduction of partial VAT rebate...

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    FICCI seeks withdrawal of cap on promo expenses

    Staff Correspondent | Updated at 10:45pm on June 24, 2020

    The Foreign Investors’ Chamber of Commerce and Industry has demanded withdrawal of the proposed cap on the companies’ promotional expenses, claiming that it would significantly...

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    Tobacco sector tax structure revision sought

    Staff Correspondent | Updated at 10:42pm on June 22, 2020

    Economists and anti-tobacco campaigners on Monday demanded revision of the tax structure proposed in the national budget for the fiscal year 2020-2021 for the tobacco...

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