Tag: tax
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FY24 Budget: Increase in travel cost, agents to find taxpayers
Bangladesh has recorded a persistent inflation rate above 8 percent over the past nine months, which has pushed up the cost of living. Lower-middle and middle-income groups may struggle to pay taxes as they do not have any notable savings. According to sources, the next budget is likely to bring some relief for them. The…
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Tax free income ceiling may increase
The NBR has been entrusted with the responsibility of achieving the revenue collection target of Taka 4.3 trillion in the next fiscal year. This is 600 billion taka more than the target given in the current financial year 2022-23. In the last fiscal year of 2021-22, there was a deficit of Tk 300 billion in…
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NBR in trouble over IMF conditions on revenue collection
According to NBR sources, the revenue authorities have to collect an additional revenue of Tk 300 billion in the upcoming financial year. Therefore, the revenue collection target has been set at Tk 4,300 billion, which is 16 percent higher than the target for the current fiscal year. If there is a revenue shortfall of more…
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Bangladesh losing tax revenue of Tk 840b to informal sector: CPD
Bangladesh losing tax revenue of Tk 840b to informal sector: CPD
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Anti-Tobacco Media Alliance calls for tax hike to raise tobacco prices
The Anti-Tobacco Media Alliance, or ATMA, has called for increasing tobacco prices by raising taxes for the products in line with the system recommended by the World Health Organization. According to a statement by ATMA, the alliance raised the demand in a meeting with National Board of Revenue chairman Abu Hena MD Rahmatul Munim. During…
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BBC tax raids spotlight India’s press freedom
Modi replied that his main weakness was not knowing “how to handle the media”. “It is something he has been taking care of since then,” Hartosh Singh Bal, political editor of India’s Caravan magazine, told AFP. “It sums up their perspective.” The BBC documentary did not air in India, but provoked a furious reaction from…
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India’s tax authorities raid BBC India offices after critical documentary
Indian tax officials raided the BBC’s New Delhi and Mumbai offices on Tuesday, weeks after the broadcaster aired a documentary on Prime Minister Narendra Modi’s actions during deadly communal riots in 2002. Police sealed off the New Delhi office, which occupies two floors, and half a dozen officers were posted outside to prevent people from…
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Separate tax administration, expert in policy making body
Separate tax administration, expert in policy making body
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Online tax payment from 26th May
Any government needs revenue to run and take development projects for citizens. Tax is an important factor here. There are many people who want to pay tax but they do not. Because, the official process of paying tax is not an easy one. Many corrupt officials take this advantage. The NBR (National Board of Revenue)…
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Income tax return submission time extended up to 7 October
Time to submit income tax return is extended up to 7 October. Despite several warnings from the government that the time for the submission of Tax returns will remain unchanged and that was 30 September 2010. But, a large number of returns have not been submitted within the time allowed. Besides, the business associations requested…
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Spontaneous tax payments among new tax payers
Spontaneous tax payments among businessmen, professionals and share traders — mostly new taxpayers — yesterday visited the Kakrail area of Dhaka for the first day of the nation’s first income-tax fair. The one-stop shops for tax-return submission, payment and advice attracted many willing to pay their taxes annually if the process is hassle-free. The five-day…
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NBR expects more revenue
NBR (national board of revenue) chairman Dr. Nasiruddin said, they are going to inaugurate new automation system to strengthen CIC (Central Intelligence Centre). He expects more revenue will be generated as a result of new digital system. It is expected to be started from October 2010
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Latest News in brief 21 september2010
1. Shop gutted in fire in Savar Chowrangi market 2. Government to start operation to evacuate footpath from hawkers from tomorrow,22nd September 2010 3. More Anthrax hit new areas: 5in Faridpur and 13 in Lakmipur. A steering committee comprising 25 members has been made in this regard. A control centre is set up in Gazipur…