Finance Minister AMA Muhith proposes to set October 30 as the official ‘Tax Day’ changing it from September 30.

The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).

Commerce Minister Tofail Ahmed says the government will not impose 15 percent Value Added Tax (VAT) on businessmen at a time.

The sixth annual tax fair begins throughout the country from today.

The High Court questions legality of imposing 7.5 percent value-added tax (VAT) on tuition fees of private universities.

The National Board of Revenue (NBR) imposes 20 percent Regulatory Duty (RD) on raw and refined sugar in order to protect local mills from losses due to falling prices of the sweetener in the international market.

The deputy commissioners of the country propose that each of them would add one lakh new taxpayers per year.