Tax

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    VAT exemption on unprocessed tobacco to go

    Staff Correspondent | Updated at 12:00am on November 06, 2019

    The National Board of Revenue has decided to scrap the existing VAT exemption benefit on unprocessed tobacco amid massive decline in revenue collection from the...

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    NBR to start EFD installation in Dec

    Staff Correspondent | Updated at 12:00am on November 05, 2019

    The National Board of Revenue may start installation of electronic fiscal devices (EFD) at shops from December, one year after making use of the device...

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    NBR asks CAAB to collect VAT from int’l airlines

    Staff Correspondent | Updated at 12:00am on November 03, 2019

    Value-added tax on aeronautical services provided by the Civil Aviation Authority of Bangladesh to international airlines would be applicable at the rate of 15 per...

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    Old BINs to remian effective till Nov 30

    Staff Correspondent | Updated at 12:00am on November 01, 2019

    Traders would be able to continue their regular economic activities, including opening letters of credit, and export-import, against old business identification numbers for one more...

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    NBR defines production input to check VAT rebate claim

    Staff Correspondent | Updated at 12:00am on October 28, 2019

    The National Board of Revenue has excluded a number of goods and services under six categories from the definition of input required for production of...

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    Ministry, cos want VAT on internet value chain services to be cut to 5pc

    Jasim Uddin | Updated at 12:00am on October 24, 2019

    The posts and telecommunications ministry and the country’s internet infrastructure companies have requested the finance ministry and the National Board of Revenue to reduce the...

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    Source tax on exports cut to 0.25pc for all sectors

    Staff Correspondent | Updated at 12:00am on October 22, 2019

    The government on Monday slashed the source tax on export proceeds for all sectors, including readymade garment, to 0.25 per cent from 1 per cent...

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    NBR aims to cut export-import process completion time to 1-2 days in 3yrs

    Staff Correspondent | Updated at 12:56am on October 21, 2019

    The National Board of Revenue has set a target of reducing the time for completing import procedures to two days and that for export procedures...

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    NBR slashes VAT on mild steel, reduces duty on bidi

    Staff Correspondent | Updated at 12:00am on October 18, 2019

    The National Board of Revenue has further slashed the value-added tax on mild steel products and a number of raw materials for steel sector to...

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    NBR eases central BIN issuance to large cos

    Staff Correspondent | Updated at 12:00am on October 16, 2019

    The National Board of Revenue relaxed the rules for issuance of central business identification numbers to large manufacturers to facilitate obtaining of central BINs by...

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