The government has chosen to use the lull in international trade caused by the COVID-19 pandemic to bring its Customs facility administered by the National Board of Revenue on par with global standards, so that it may facilitate a smoother, more efficient trading process to help the...
Misuse of tax benefits given to fish and poultry sectors has continued unabated due to lack of proper mechanism of the National Board of Revenue to crosscheck the income shown by the taxpayers from the sectors. Tax officials said that they used to express their inability to...
The country's apex trade body -- Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) -- today demanded an investigation into the "failure in widening the tax net by the NBR, although several hundred crore of taka was spent as consultancy fee for introducing the multiple VAT...
Businesses are worried that some proposed changes in the value-added tax (VAT) law will increase their costs and discourage them from seeking justice against inflated revenue claims by field officials of the National Board of Revenue (NBR). One of the changes is that the deposit needed for...
Bangladesh is going to impose 10 percent Advance Tax (AT) on digital advertisements, including those put on social networking sites like Facebook and Youtube and search engine google, from the next fiscal year. The national budget for the 2020-21 fiscal year to be placed in the House...
The National Board of Revenue has relaxed the duty-free motor vehicle import rules for investors in the country’s hi-tech parks, curtailing the minimum level of investment to be made and the number of employees to be hired for availing the facility. The investors in the country’s hi-tech...