Although a large chunk of revenue is deposited in the state coffer towards the end of a fiscal year, there might be a big gap between the revised target and the actual collection.

The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.

The measures include keeping the tax-exempt income threshold unchanged at Tk 3.5 lakh, a move that is expected to increase revenue receipts and bring more people under the tax net.

This move seems to be a punishment for non-profit educational ventures that aim to enhance our higher education landscape.

The government has provided tax benefits to three sectors, namely leather, asset management, and research, to boost competitiveness and foreign currency earnings.

NBR sits with Rajshahi businesses in a pre-budget discussion

The National Board of Revenue (NBR) will soon conduct a special drive against home owners who did not submit tax returns despite residing in municipal areas, said NBR Chairman Abu Hena Rahmatul Muneem yesterday.

NBR has reduced customs tariff on rice, sugar and dates and lifted value added tax on edible oil to boost supply and contain prices of the essentials during the month of Ramadan

NBR may consider waiving the duty on imported products as recommended by the commerce ministry ahead of the month of Ramadan

The Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) honoured 54 companies for paying the highest amount of taxes in fiscal year 2022-23, at its headquarters in the capitals Agargaon today

NBR has extended tax exemptions on interest income of foreign lenders who have lent to local firms until December 31, 2024

His contractual appointment has been extended by two years

The revenue collection growth rose slightly in the July-November period of the current financial year on the back of higher income and value-added taxes

The collection of nearly Tk 19,000 crore in direct taxes has been stuck at higher courts owing to cases filed by large corporates, some individuals and taxmen, according to the Large Taxpayers Unit (LTU) of the income tax department

The NBR has published the names of 141 individuals and companies as the top taxpayers for the 2022-23 tax year. A gazette has also been published to this effect. 

Five made it to the list for consecutive second year

(FBCCI) has urged the revenue authority to extend the deadline for income tax return submission for individual taxpayers until December 31

They also chanted slogans, demanding resignation of the NBR chairman.

The foreign investors' concerns came as the National Board of Revenue wants to slap a 5 per cent tax on gross receipts or turnover of carbonated beverage makers from the next fiscal year from 0.6 per cent now.

Tax collection by the National Board of Revenue (NBR) shot up in May, powered by buoyancy in value added tax (VAT) collection from domestic economic activities and increased income tax receipts, according to a provisional estimate.