-
NBR waives AIT on import of common variety wheat
Jasim Uddin | Updated at 12:59am on December 15, 2020
The National Board of Revenue has waived advance income tax (AIT) on the import of common wheat to rectify a decade-long inconsistency in the country’s...
-
NBR returns to old VAT rebate system
Staff Correspondent | Updated at 11:06pm on December 13, 2020
The National Board of Revenue has scrapped the order related to VAT rebate on purchase of raw materials on credit following the demands made by...
-
98pc traders do not pay VAT in Dhaka
Jasim Uddin | Updated at 10:43pm on December 11, 2020
A total of 98.68 per cent traders in Dhaka do not pay valueadded tax while over 85 per cent do not even have business identification...
-
Businesses demand reduction in VAT rate
Staff Correspondent | Updated at 10:19pm on December 10, 2020
Businesses on Thursday demanded reduction in the VAT rate in line with the expansion of the VAT net to reduce the burden of indirect tax...
-
Revenue receipt shortfall Tk 27,556cr in July-Nov
Jasim Uddin | Updated at 10:13pm on December 10, 2020
Shortfall in revenue collection by the National Board of Revenue continues to widen each month and stood at Tk 27,556 crore in the July-November period of...
-
VOP extended to June as progress slow
Staff Correspondent | Updated at 10:42pm on December 09, 2020
The government has extended the time for implementation of VAT Online Project (VOP) by another six months as the National Board of Revenue failed to...
-
VAT intel seeks NBR directive over traders’ bank account freezing
Staff Correspondent | Updated at 10:10pm on December 06, 2020
The VAT Audit, Intelligence and Investigation Directorate has sought a directive from the National Board of Revenue on freezing bank accounts of suspected VAT-evading traders....
-
BGMEA for cut in source tax on cash incentive
Staff Correspondent | Updated at 10:43pm on December 04, 2020
The Bangladesh Garment Manufacturers and Exporters Association has demanded reduction in the source tax on cash incentive against export earnings to support the readymade garment...
-
Bangladesh Bank appoints administrator to Premier Leasing
Staff Correspondent | Updated at 11:31pm on December 02, 2020
The Bangladesh Bank has appointed an administrator to Premier Leasing and Finance Limited (PLFL) following a court order, said BB executive director and spokesperson Md...
-
140 businesses to get NBR award as highest VATpayers in 2018-19
Staff Correspondent | Updated at 11:30pm on December 02, 2020
The National Board of Revenue is going to honour 140 businesses across the country with the highest value-added taxpayer award for paying the highest amount...