Fu Wang Bar has been sued by the VAT Audit, Intelligence and Investigation Directorate (VAIID) for allegedly evading Tk 41.08 crore in value-added tax.

The National Board of Revenue (NBR) has not yet taken any decision regarding holding the annual income tax fair this time around amidst the Covid-19 pandemic, said Chairman Abu Hena Md Rahmatul Muneem yesterday.

The VAT intelligence has claimed that Nasir Glass Industries Limited has evaded Tk 14.66 crore in value-added tax (VAT).

Alesha Mart has paid Value Added Tax (VAT) of Tk 52 lakh after the intelligence found evidence of VAT evasion against the e-commerce platform.

The VAT intelligence has filed a case against online shopping platform E-orange on the allegation of evasion of value-added tax (VAT).

Two entities of Popular Group have made a payment of Tk 6.36 crore against allegations of value added tax (VAT) evasion brought by a state intelligence wing probing claims of tax evasion by healthcare providers.

Global e-commerce company Amazon has paid Tk 53 lakh in Value Added Tax (VAT) directly to the revenue authority after it got registration for the indirect tax.

Global tech giant Google has paid Tk 2.30 crore as value-added tax (VAT) directly to the National Board of Revenue.

Trading of 25 fruit importers was halted yesterday after Benapole Customs House authorities suspended their licenses for not paying Tk 10 crore in outstanding revenue.

Revenue collection rose 20 per cent year-on-year to Tk 259,867 crore in 2020-21 fiscal year thanks to increased import duty, value-added tax (VAT) and income tax receipts.

Chattogram Custom House authority today seized 50 tonnes of fabrics worth Tk 20 crore reportedly imported forging fake seal and signature of Dhaka Customs Bond Commissionerate.

US Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto a global corporate tax deal, but added that it wasn’t necessary for all nations to adopt it.

The government should develop a progressive tax system that ensures the efficient redistribution and use of resources to address inequality in the country, according to speakers at a webinar.

Every year, the last week of November sees a mad rush of individual taxpayers at the tax offices and tax fairs. The reason is obvious: the final deadline to file annual income, expenditure and wealth statements without penalty is November 30, termed as Tax Day.

Bangladesh Cold Storage Association (BCSA) has demanded that the government reduce for the industry’s income tax from 35 per cent to 10 per cent in the national budget for 2021-2022.

Customs houses at ports and field offices for value-added tax will remain open during the seven-day countrywide complete lockdown starting from Monday.

Shopowners today stressed the need for collecting value-added tax (VAT) at source until the government completes installing cash register machines in all kinds of stores.

Entrepreneurs might not be interested in setting up large hospitals outside of Dhaka, Chattogram, Narayanganj, and Gazipur despite a 10-year tax break.

Social media giant Facebook today got Value Added Tax (VAT) registration from the National Board of Revenue (NBR) after two years of stalemate.

Although the government said that it would reduce the taxes levied on the import of raw materials used to make cement, this initiative will not have a satisfactory impact as prices would remain the same at the consumer level, according to market players.