The National Board of Revenue has a big role to play so that no businessman can launder money aboard, Agriculture Minister Muhammad Abdur Razzaque said today.

Businesspeople are making wholesale complaints about being harassed during release of imported goods from the customs houses and the complaints are incorrect, Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), said today.

Chattogram Customs House has seized a consignment on charges of laundering Tk 1.6 crore by exporting 22 times more goods than the declaration.

Tax collection grew 14.2 per cent year-on-year to Tk 126,209 crore in the July-December period of the current fiscal year, according to the provisional data of the National Board of Revenue.

The lawmakers will be able to import electric cars and hybrid jeep duty-free from now on, according to a notification of the National Board of Revenue (NBR) issued yesterday.

The collection of retail VAT will speed up if electronic fiscal devices (EFDs) can be installed across the country through outsourcing, said Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR).

Businesses seeking to pay value added tax (VAT) of Tk 50 lakh or above will have to use electronic modes from January 1 next year, said the National Board of Revenue (NBR) yesterday.

Custom House, Chattogram yesterday seized 1.62 crore fake cigarette tax stamps, worth Tk 120 crore, illegally brought from China.

Establishing a pro-taxpayer environment in an emerging economy like Bangladesh where the tax-GDP ratio is hovering around 10-11 per cent requires a very close review of existing rules and regulations one by one, if not word by word in fitting with present day demand of social norms and business practices.

The Custom House, Chattogram (CHC) has seized 3.2 crore cigarette tax stamps that were illegally brought from China under false pretense.

Over 38 per cent of the revenue collected by the National Board of Revenue (NBR) comes from value-added tax, said Abu Hena Md Rahmatul Muneem, chairman of the tax administrator.’

The VAT Intelligence has sued Nahid Enterprise for evading value-added tax of Tk 275 crore in five years between July 2016 and May 2021.

Global tech giants have deposited a total of Tk 30 crore in value-added tax (VAT) to the state coffer since they received VAT registration from the National Board of Revenue, said officials yesterday.

VAT intelligence today conducted a drive at American Burger, a fast food shop at Dhanmondi in Dhaka.

The National Board of Revenue (NBR) today extended the deadline for income tax return submission by a month.

The tax rate will come down if more people can be brought under the tax net, analysts said in a seminar today.

The importers and bidders who bought cars from Chattogram customs through auction have failed to release the vehicles, as they did not get clearance permit from the commerce ministry. 

The importers and bidders who bought cars from Chattogram customs through auction have failed to release the vehicles, as they did not get clearance permit from the commerce ministry. 

The National Board of Revenue yesterday honoured the late Latifur Rahman, founding chairman of Transcom Group, and Shahnaz Rahman, the conglomerate’s current chairman, as the country’s top taxpayers for their exemplary tax compliance in 2020-21.

The National Board of Revenue (NBR) introduced tax cards more than a decade ago and expanded its associated list from fiscal 2015-16 to recognise compliant taxpayers in various sectors and professions.