Business organizations must send a soft copy of their budget proposals to NBR through email [email protected]. NBR will give due consideration to the proposals received. Institutions, organizations or offices that are not members of a chamber or association can also submit their budget proposals directly through the same email address. The press release of the […]
The National Board of Revenue (NBR) today, Thursday, extended the deadline for submission of income tax returns by individual taxpayers for the 2025-2026 tax year to March 31, 2026. According to an official order of the NBR, the decision was taken in public interest under the powers conferred by Section 334 of the Income Tax […]
Incidentally, the ACC has found that Benazir, her wife and children own 621 bighas of land in Gopalganj, Madaripur, Dhaka and other districts, four flats in Gulshan, 33 bank accounts, shares in 19 companies and three B.O. accounts, as well as savings certificates worth 30 lakh taka (30 lakh taka). Following an appeal by the […]
The government has set an ambitious revenue collection target of 5.41 trillion taka for the financial year 2024-25. This is 9.7 percent of the country's gross domestic product (GDP). Of this amount, Tk 4.80 trillion is proposed to be collected through the National Board of Revenue (NBR), while the remaining amount – Tk 610 million […]
Though the government is trying to reassure people, no one is believing it because the base has become weak. Apart from this, there is also pressure to fulfill various conditions of the International Monetary Fund (IMF). This multidimensional pressure has also affected the upcoming national budget. The growth rate which was more than 10 percent […]
The fourth part of the Sixth Schedule of the Income Tax Act provides 10 years of tax exemption to 33 types of organizations in the manufacturing sector. Sectors in this list include active pharmaceutical ingredients and radiopharmaceuticals, agricultural equipment, automatic bricks, automobiles, barrier contraceptives and rubber latex, basic elements of electronics such as resistors, capacitors, […]
Mentioning that he would talk to the Prime Minister on the issue of VAT on Metrorail tickets, Obaidul Quader today said, “Metrorail is a special service of public transport. People are benefiting from this. I don't know who suddenly gave such news before any decision was taken at the highest level of the government. At […]
In this regard, the VAT Division of the National Board of Revenue (NBR) issued an office order on Thursday expressing its inability to waive tax on the country's first metro rail. At present, the Metro Rail has the privilege of tax exemption till the end of the current financial year. The operating authority, Dhaka Mass […]
Later, Metrorail officials wrote a letter to NBR Chairman Abu Hena Mohammad Rahmatul Munim, presenting their arguments against imposing VAT on Metrorail tickets. Regarding this, Dhaka Mass Transit Company Limited (DMTCL) Secretary and Director Abdur Rauf told Prothom Alo that there is a law to levy 15 percent VAT on air-conditioned train tickets. But all […]
In 2022, the government increased duties on imported dates in an effort to keep imports under control. It consisted of 25 percent import duty, 15 percent VAT, 5 percent advance income tax, 5 percent advance tax and 3 percent regulatory duty. The total tax burden was 59 percent. Recently, the government cut import duty by […]
Member of Parliament AK Azad has commented that Bangladesh Bank does not have enough power to regulate the banking sector. He said that a business group had borrowed Tk 12 billion from a bank but Bangladesh Bank was not aware of it. AK Azad, former president of the Federation of Bangladesh Chambers of Commerce and […]