Faisal, his relatives undervalued their properties in official documents, claims ACC

Its vulnerability to hacking has emerged as a serious security threat

It will not reduce capital flight, only encourage malfeasance

The order is effective immediately

The corrupt should have no place in public service

Collusive abuse of power is a major reason why perpetrators of high-level corruption can get away scot-free in Bangladesh.

Although some steps were taken in the right direction, the measures proposed in the budget for the upcoming fiscal year centring macroeconomic stability, trade and investment are insufficient, experts and businesspeople opined in a discussion.

It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.

Bolstered by rising value-added tax (VAT) collection and increased income tax receipts, the tax administrator logged Tk 259,866 crore in total revenue in the July-March period of the current fiscal year, according to the NBR’s provisional estimates.

Earlier, there was a provision for the service providers to be appointed by a committee appointed by the board, said Rahman. Now the company which can provide this service at a low cost will be given the job, he explained.

The use of the document verification system (DVS) has increased in Bangladesh in the last couple of years, plugging the scope for unruly firms to submit forged audit reports. The number of audit reports signed by accountants by securing codes from the DVS rose by nearly 2 percent year-on-year to 38,316 in 2021-22 compared to a year prior, data from the Institute of Chartered Accountants of Bangladesh (ICAB) showed.

A tax policy mission of the International Monetary Fund (IMF) yesterday began to work with the National Board of Revenue (NBR) to train taxmen to assess tax expenditures so that the government can eliminate less effective tax exemptions, broaden the tax base and increase revenue collection.

BFIU must be empowered to do more to prevent money laundering

It wants the deadline to be extended until April 30

This time around, Mahfuz Ahmed, Farida Akhtar Babita, and Siam Ahmed (in this order) topped the list of highest taxpayers for the tax year of 2022-23, under the actors' category, as per the National Board of Revenue (NBR).

There is not much in it to make us feel better in terms of its focus and measures.

Senior Commerce Secretary Tapan Kanti Ghosh says

It will not reduce capital flight, only encourage the corrupt

The National Board of Revenue issues a notification on March 23

The main focus of the FY24 budget must be on economic stabilisation.