Tax and Customs

NBR to hire firm for info on money laundering

The National Board of Revenue is set to hire a global accounting firm to gather information on illegal fund transfers from Bangladesh,
NBR seeks end to tax benefit culture

The National Board of Revenue (NBR) plans to come out of the culture of granting tax benefits in a bid to boost collection, said its
Tech upgrades to boost tax compliance

A good tax collection system ensures that the method of paying taxes is convenient for taxpayers. Many developed and developing
15pc VAT on all port services to hurt businesses, consumers

Businesses are expected to face an increase in export and import costs as 15 percent value added tax (VAT) will be
New NBR chief against harsh steps in tax collection

The revenue authority will take a soft approach to collecting taxes, focusing on expediting trade, investment and economic
Single VAT rate foolish: Muhith

Finance Minister AMA Muhith yesterday termed “foolish” the single VAT rate prescribed by International Monetary Fund, rowing back
NBR honours top taxpayers of tax zone 5

The National Board of Revenue yesterday honoured the top taxpayers for 2016-17 of tax zone 5.
Manual VAT numbers to remain valid for two more months

Firms may be able to use their manually issued 11-digit VAT registration numbers for a further two months as the
Chilahati land port yet to be functional

The Chilahati land port in Nilphamari's Domar upazila is still to become operational six years after its inauguration
Ireland forced to collect Apple's disputed $15b tax bill

Ireland has struck a deal with Apple to collect up to 13 billion euros ($15 billion) in back taxes and hold it in an escrow account pending an appeal before the Court of Justice of the European Union.
Ctg customs starts disposing of goods of 88 containers

Chittagong Customs House yesterday started disposing of nearly 2,000 tonnes of perishable goods stuffed in 88 containers as the
Banks remain open till 8pm today, tomorrow

Banks will remain open today and tomorrow until 8:00pm to help people pay taxes and submit income tax returns within the given deadline.
NBR to waive duty on electronic cash registers

The National Board of Revenue is set to waive the import duty and taxes on electronic cash registers (ECRs) in a bid to encourage
164 businesses get CIP cards

The government yesterday honoured 131 exporters with CIP (commercially important person) cards for their extraordinary performance in 2014.
Tax fair ends on a high note

Thousands of taxpayers thronged to submit returns and collect the newly introduced 'Income Tax ID Card' from the weeklong tax fair
Weeklong tax fair begins today

The annual tax fair begins today to enable individual taxpayers to congregate and file returns and complete tax procedures all in one spot.
Separate tax fair for women in Ctg: NBR

The National Board of Revenue plans to organise separate fair for female taxpayers in Chittagong this year, NBR Chairman Md Nojibur
Countries need more than money to cope with shocks: Report

Sweden, the Netherlands and Germany are among the best placed wealthy countries to cope with shocks like large-scale migration due to their strong safety nets, education programmes and economic opportunities, says a global report by KPMG.
Reduce VAT to tolerable level: BNP

BNP urges the government to reduce Value Added Tax (VAT) to a tolerable level in the proposed budget for 2017-18 fiscal year. The 15% VAT proposed in the budget is the highest among South and South-East Asian countries, BNP Secretary General Mirza Fakhrul Islam Alamgir.
High taxes dent telecom sector's growth: operators

Mobile operators yesterday blamed high taxes on handsets and duties on mobile services for less-than-expected growth of 3G and other telecom services in Bangladesh.
New VAT law would also boost income tax collection

Implementation of the new VAT law would not only help the government to earn more from sales receipts but also from income taxes,
Talks on VAT: Muhith, businessmen exchange heated words

A forum of businessmen exchanges heated words with Finance Minister AMA Muhith centering FBCCI’s proposal on VAT. The argument took place at a meeting jointly organised by National Board of Revenue (NBR) and FBCCI.
Govt working to cut internet price: Tarana

Bangladesh government is working to reduce internet price at the consumer-level, State Minister for Post and Telecommunications Tarana Halim says.
Sweets for tax payers on Chaitra Sankranti: NBR

For the very first time in its history, the National Board of Revenue (NBR) is going to offer sweets to the tax payers marking Chaitra Sankranti – the end of the last month of the Bangla Year. In line with Bangla tradition, NBR will also celebrate Halkhata on Pahela Baishakh, the first day of Bangla New Year.
Abuse of diplomatic privileges: Luxury car seized in Dhaka

Customs officials seize a luxury vehicle as what they say it was brought into the country by abusing diplomatic privileges.
WB hands over another duty-free vehicle

With a vow to support the ongoing investigation of Customs Intelligence and Investigation Directorate (CIID), the World Bank has handed over another car, 11 days after the directorate sought information about 16 vehicles brought into the country duty-free.
India offers more time to black money hoarders to come clean

The Indian government has extended the span of the income declaration scheme from Dec 17- March 31.
Star, Prothom Alo owning companies and editors awarded as top taxpayers

Three of the four top-taxpayer awards handed out in the electronic and print media category for fiscal 2015-16 went to The Daily Star
NBR to felicitate 141 top taxpayers

The National Board of Revenue is set to honour 141 taxpayers, including 76 individuals with tax cards later this month, for their
NBR to introduce electronic locks to curb theft of export goods

The National Board of Revenue plans to introduce electronic seals and locks to prevent theft of import and export goods at the private