Tax

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    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...

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    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...

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    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...

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    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...

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    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...

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    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...

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    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....

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    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...

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    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...

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    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...

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