It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.

Bolstered by rising value-added tax (VAT) collection and increased income tax receipts, the tax administrator logged Tk 259,866 crore in total revenue in the July-March period of the current fiscal year, according to the NBR’s provisional estimates.

Earlier, there was a provision for the service providers to be appointed by a committee appointed by the board, said Rahman. Now the company which can provide this service at a low cost will be given the job, he explained.

The use of the document verification system (DVS) has increased in Bangladesh in the last couple of years, plugging the scope for unruly firms to submit forged audit reports. The number of audit reports signed by accountants by securing codes from the DVS rose by nearly 2 percent year-on-year to 38,316 in 2021-22 compared to a year prior, data from the Institute of Chartered Accountants of Bangladesh (ICAB) showed.

A tax policy mission of the International Monetary Fund (IMF) yesterday began to work with the National Board of Revenue (NBR) to train taxmen to assess tax expenditures so that the government can eliminate less effective tax exemptions, broaden the tax base and increase revenue collection.

BFIU must be empowered to do more to prevent money laundering

It wants the deadline to be extended until April 30

This time around, Mahfuz Ahmed, Farida Akhtar Babita, and Siam Ahmed (in this order) topped the list of highest taxpayers for the tax year of 2022-23, under the actors' category, as per the National Board of Revenue (NBR).

There is not much in it to make us feel better in terms of its focus and measures.

Senior Commerce Secretary Tapan Kanti Ghosh says

It will not reduce capital flight, only encourage the corrupt

The National Board of Revenue issues a notification on March 23

The main focus of the FY24 budget must be on economic stabilisation.

Investigators sitting on information about Dubai real estate purchase despite HC order

The tax forms need to simplified too, says Abu Hena Md Rahmatul Muneem

The government today honoured 76 individual highest taxpayers, including Transcom Group Chairman Shahnaz Rahman, The Daily Star Editor and Publisher Mahfuz Anam, and Prothom Alo Editor Matiur Rahman, for depositing the highest amount of taxes to the state coffer in 2021-22 fiscal year.

The National Board of Revenue today said it will accept tax returns from individual taxpayers on the first day of January 2023.

After the latest breach, it should be seen as a potential national security issue

At least three import consignments were released without inspection from the Chattogram Port using the login credentials of a top customs official in June-July despite the recent measures taken to thwart such cons that cost the state coffer in unpaid duties and taxes.

The National Board of Revenue (NBR) is going to celebrate tax service month this November to facilitate taxpayers return submissions.