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  Motorcycle makers demand VAT exemption facility continued

  Staff Correspondent | Updated at 10:30pm on June 16, 2020

  The Motorcycle Manufacturers and Exporters Association of Bangladesh on Tuesday claimed that the withdrawal of the value added tax exemption facility for local motorcycle makers...

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  NBR to tax private employees’ receipt from unapproved gratuity funds

  Jasim Uddin | Updated at 10:17pm on June 16, 2020

  Private employees are set to face a heavy tax burden from the next fiscal year 2020-2021 as the national budget proposed the imposition of tax...

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  Taxpayers with gross assets below Tk 40 lakh to get waiver from submitting wealth info

  Jasim Uddin | Updated at 10:38pm on June 15, 2020

  The government has proposed making the submission of assets and lifestyle statement with the income tax returns optional for individual taxpayers with gross assets below...

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  NBR eyes Tk 11,000 crore addl VAT from mobile, bank, tobacco sectors

  Jasim Uddin | Updated at 10:03pm on June 14, 2020

  The National Board of Revenue has estimated it would generate an additional Tk 11,000 crore in value-added tax through budgetary measures in the coming fiscal...

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  Punishment for false declaration in import, export toughened

  Jasim Uddin | Updated at 09:32pm on June 13, 2020

  The National Board of Revenue has increased penalty on exporters and importers for making false declaration to customs authorities regarding value and quantity of import-export...

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  Revenue collection target set in budget a challenge during pandemic: ICAB

  Staff Correspondent | Updated at 10:46pm on June 12, 2020

  The Institute of Chartered Accountants of Bangladesh on Friday said that it would be challenging to meet the revenue collection target set at Tk 3,78,000...

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  VAT waiver for COVID-19 test kits, PPE, face masks to remain

  Staff Correspondent | Updated at 11:31pm on June 11, 2020

  The government has proposed the continuation of value-added tax exemption at the import, manufacturing and trading stages of COVID-19 test kits, personal protective equipment (PPE)...

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  15 per cent VAT on gold bar import scrapped

  Staff Correspondent | Updated at 11:23pm on June 11, 2020

  The government in the proposed budget for the fiscal year of 2020-21 has scrapped 15 per cent value-added tax on the import of gold bar....

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  Corporate income tax for non-listed cos cut to 32.5pc

  Staff Correspondent | Updated at 11:08pm on June 11, 2020

  Finance minister AHM Mustafa Kamal on Thursday proposed to reduce corporate income tax only for non-publicly traded companies by 2.5 per cent to 32.5 per...

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  Government for rise in excise duty on bank balance above Tk 10 lakh

  Staff Correspondent | Updated at 11:02pm on June 11, 2020

  The government has proposed raising excise duty rates on bank balance above Tk 10 lakh. Finance minister AHM Mustafa Kamal placed the proposal in the budget...