At the age of 22, she had become Latin America’s biggest pop star, with fans including Colombian Nobel Literature Prize winner Gabriel García Márquez, who declared that she had “invented her own brand of innocent sexuality”. . To help her break out into Latin America, US-Cuban diva Gloria Estefan encouraged her to sing in English…
Colombian superstar Shakira will pay a fine of more than 7.3 million euros (US$7.98 million) as part of a deal with Spanish prosecutors to avoid a tax fraud trial, a Barcelona court said on Monday. Under the agreement, announced at the beginning of the 46-year-old singer’s trial, Shakira also agreed to receive a three-year suspended…
The two-day workshop was organized in Ghazipur, Dhaka from 11 October to 12 October in collaboration with NBR. Tax Appellate Tribunal Chairman Mohammad Nazmul Karim attended the event as the chief guest. Mohammad Iqbal Hussain, member of Tax Appeals and Exemptions, AKM Badiul Alam, member of International Tax and Tax Information Management and Services and…
Song Yang said, “Bangladesh has a long-standing relationship with China. This kind of exhibition creates a new hope for us. It is a platform to highlight the cooperative spirit between the two countries.”Noting that Chinese President Xi Jinping launched the Belt and RoadHe said the initiative (BRI) in 2013 is now bearing fruit. “Our strong…
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…
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…
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…
Bangladesh losing tax revenue of Tk 840b to informal sector: CPD
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…
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…
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…
Separate tax administration, expert in policy making body
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)…
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…
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…