Tax

The government has chalked out a series of programmes to enter a new era of taxation from FY 2020-21 in the run-up to achieving Vision 2041 and reaching the Sustainable Development Goals 2030. "We must gear up revenue mobilisation and streamline the financial sector of the country," a senior official at...

The tax collector has moved to remove the complexities over issuing the VAT registration after it found 80 per cent of the businesses have not updated their identification yet. Some 20,000 businesses have updated their Business Identification Number (BIN) since July according to guideline under the new...

Some eight sectors, including solar panel manufacturers and animal feed manufacturers, will enjoy exemptions from the payment of advance tax at the import stage. The advance tax is payable at the import stage and the importers are allowed to adjust or get refund of the paid taxes...

দক্ষিণ এশিয়ায় তো বটেই, গোটা বিশ্বেই বাংলাদেশের কর-জিডিপি হার নিম্নতম পর্যায়ের। বাংলাদেশের এই হার প্রতিবেশী দেশ নেপালের অর্ধেকের চেয়েও কম। এমনকি যুদ্ধবিধ্বস্ত আফগানিস্তান বা পাকিস্তানের অবস্থাও এদিক থেকে বাংলাদেশের চেয়ে ভালো। বিশেষজ্ঞরা বাংলাদেশের এ পরিস্থিতিকে লজ্জাজনক ও উদ্বেগজনক বলে মন্তব্য করেছেন।  জাতীয় সংসদে ১৩...

The government has halved source tax on cash incentives for traders in order to facilitate export-oriented sectors. From now on, exporters will enjoy 5.0 per cent tax rate on cash subsidy instead of 10 per cent. The Internal Resources Division, IRD, under the Ministry of Finance issued...

The value added tax (VAT) proposed in the budget for 2019-20 on online shopping comes into effect from today, albeit at a reduced rate and under a new calculation. Amidst the e-commerce industry’s outcry and campaigns, the rate has been reduced to 5 percent...

Platforms of internet giant like Facebook, Google and You Tube are being brought under VAT law with effect from July 1. To impose tax on advertisement given in these platforms the government has taken the initiatives. Concerned said, as a result such types...

The Large Taxpayers Unit (LTU) saw a drop in revenue collection in the July-August period of the current fiscal year (FY), 2019-20. The revenue collection growth took a hit as two large sectors -- gas and tobacco -- have witnessed a decline of Tk17.63 billion in revenue...