Tax

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    Govt scraps AIT waiver for local LCs

    Jasim Uddin | Updated at 09:52pm on June 12, 2018

    The government has extended the coverage of advance income tax on local letter of credit or any financing agreement for purchasing goods, imposing the AIT...

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    LTU launches apps for taxpayers

    Staff Correspondent | Updated at 10:27pm on June 11, 2018

    Large Taxpayers Unit (VAT) of the National Board of Revenue on Monday launched a mobile application to facilitate large taxpayers getting tax related information and...

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    BPGMEA seeks tax reduction for plastic industry

    Staff Correspondent | Updated at 10:25pm on June 11, 2018

    The Bangladesh Plastic Goods Manufacturers and Exporters Association on Monday urged the government to reconsider some of the changes in tax measures for the plastic...

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    Businesses must disclose bank account info to get VAT rebate

    Jasim Uddin | Updated at 10:12pm on June 11, 2018

    Traders will have to disclose the relevant bank account information to the tax authority as proof of transactions for getting tax credit or VAT rebate....

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    VAT certificate must for money changers’ licence renewal: BB

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    Bangladesh Bank on Sunday asked money exchange houses to submit VAT certificates along with the application and other documents for renewal of their licences...

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    Reinstate tax on import of software that are manufactured locally

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    Country’s four ICT associations including Bangladesh Association of Software and Information Services on Sunday urged the government to reinstate 25 per cent import duty and...

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    Govt proposes hike in penalty

    Staff Correspondent | Updated at 12:05am on June 11, 2018

    The government has proposed increasing the rate of penalty by 10 times for offences related mainly to deduction of tax at source and submission of...

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    Revenue receipt target in budget impractical, says BCI

    Staff Correspondent | Updated at 10:36pm on June 09, 2018

    The Bangladesh Chamber of Industries on Saturday termed ‘impractical’ the government’s revenue collection target, set at Tk 3,39,280 crore, in the proposed budget for the...

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    Proposed budget not aligned with SDGs: SANEM

    Staff Correspondent | Updated at 10:29pm on June 09, 2018

    South Asian Network on Economic Modeling on Saturday said that the country could not get on the highways of the sustainable development goals (SDGs) through...

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    Govt gives BATB tax relief of Tk 2,000cr

    Staff Correspondent | Updated at 10:25pm on June 09, 2018

    National Board of Revenue has offered British American Tobacco Bangladesh tax relief worth more than Tk 2,000 crore in the proposed budget through scrapping a special...

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