Tax body urges closing public-pvt firms' gap

Dhaka, May 8 -- A tax expenditure committee has recommended narrowing the tax gap between publicly traded and private limited companies. It also proposes phasing out tax exemptions on capital gains f... Read More

Tax rise plan for high earners faces backlash

Dhaka, May 2 -- Salaried taxpayers have seen their tax liabilities increase over recent years, due mainly to a high rate of inflation that has outpaced wage growth. A proposal to raise the tax rate b... Read More

NBR submits spending-cut measures

Dhaka, April 28 -- Taxmen sought a hefty allocation for vehicles as logistics support for compliance enforcement to achieve direct- tax -collection target in next fiscal as the IMF forwarded a revenue... Read More

Capital gain tax exemption for individual investors likely to go

Dhaka, April 27 -- Levying tax on capital gains of individual investors in the capital market is a likely option the revenue board considers incorporating into the upcoming budget, sources said. The ... Read More

Green channel imports to get self-assessment facility from next FY

Dhaka, April 24 -- The customs authority is set to introduce a self-assessment system for import goods that come through the green channel from the next fiscal year (FY). The authority is incorporati... Read More

Govt revenue misses Q3 target, yearend outlook also down

Dhaka, April 22 -- Government's revenue authority faces an uphill task of collecting Tk 1.50 trillion in the last quarter of the current fiscal to reach even its revised target, as the tax receipt so ... Read More

NBR draws up plan for funding govt vision

Dhaka, April 21 -- Government's revenue authority has framed a three-tier time-bound action plan for augmenting revenues to finance the building up of 'smart Bangladesh', as present finances are inade... Read More

Saudi co gets all-clear to operate Patenga container terminal

Dhaka, April 18 -- Decks are now all cleared for operation of the Patenga Container Terminal (PTC) with belated declaration bringing its designated import-export area under customs domain. With Wedne... Read More

VAT on MRT fares likely from FY25

Dhaka, April 18 -- Mass Rapid Transit (MRT) passengers may see nominal VAT (value-added tax) from next fiscal year as the government is going slow to avert any sudden pressure on their fares. The rev... Read More

NBR swings axe on exemptions, eyes Tk 94b VAT hike in FY25

Dhaka, April 17 -- The National Board of Revenue (NBR) has projected to collect an additional Tk 94 billion in value-added tax (VAT) in the upcoming fiscal year 2024-25, according to official document... Read More

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