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NBR set to allow tech giants to obtain BINs for VAT payment
Jasim Uddin | Updated at 11:05pm on February 27, 2020
The National Board of Revenue is set to allow global technology companies which do not have offices in Bangladesh but run operations here to directly...
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Customs to also set cell to check MNC transfer pricing misuse
Jasim Uddin | Updated at 11:19pm on February 26, 2020
The National Board of Revenue is set to establish a transfer pricing (TP) cell for its customs wing to deal with duty evasion, money laundering...
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Admin cadre, customs face off over magistracy power for customs
Jasim Uddin | Updated at 12:21am on February 25, 2020
Bangladesh Administrative Service Association, an organisation of Bangladesh Civil Service (administration) cadre officials, has opposed a provision in the Customs Bill-2019 that empowers customs...
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NBR to follow real-time exchange rate for customs valuation
Jasim Uddin | Updated at 10:57pm on February 23, 2020
The National Board of Revenue is going to introduce real-time currency exchange rates for determining the value of import and export goods for the purpose...
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Bangladesh sees plunge in import from China after coronavirus outbreak
Jasim Uddin | Updated at 10:21pm on February 20, 2020
Import of different products from China in terms of quantity and value declined by 21 per cent and 8.30 per cent respectively in the period...
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Many company directors not paying VAT on remuneration, finds NBR
Jasim Uddin | Updated at 10:14pm on February 19, 2020
A large number of shareholders and owners of limited companies in the country are not paying value-added tax on remuneration which they receive as directors...
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Government plans automatic car assembling unit for Pragoti
Jasim Uddin | Updated at 12:19am on February 18, 2020
The government has taken an initiative to set up an automatic assembling unit for Pragoti Industries Limited (PIL) to assemble car, bus and truck in...
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VAT intelligence asks for bank info on large traders
Jasim Uddin | Updated at 09:47pm on February 15, 2020
The VAT intelligence wing of the National Board of Revenue has sought from banks a list of private commercial firms with an average annual transaction...
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Ministry asks SOEs to use BSC ships to carry goods
Jasim Uddin | Updated at 12:12am on February 10, 2020
The shipping ministry has asked the state-owned entities to carry cargos, purchased or transported with the government funds, by vessels of the Bangladesh Shipping Corporation...
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API makers to get AIT waiver for 400 chemical compounds
Jasim Uddin | Updated at 11:01pm on February 08, 2020
The National Board of Revenue is set to exempt the local producers of active pharmaceutical ingredients (API) from payment of advance income tax on import...
Friday, February 28, 2020
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