Duty exemptions provided by the National Board of Revenue (NBR) have been increasing over the years despite Bangladesh’s low tax-to-GDP ratio and the International Monetary Fund’s (IMF) recommendation to rationalise such expenses.

We must ensure transparency and accountability in civil service

For proper policymaking, there is no alternative to reliable data

The permission was given as rail communication to Kamalapur ICD has remained suspended

BBS must be overhauled to ensure that it provides accurate data

Today was the first day for Abdur Rahman Khan as NBR chairman

Govt should overhaul ailing sectors, ensure accountability

It has made a mockery of the revenue target set every year

The National Board of Revenue (NBR) has fallen short of its revenue collection target for the 12th consecutive year, with experts opining that the existing framework for tax collection is inadequate.

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.