The committee has five members

The NBR expects that sugar prices will decrease in proportion to the duty reduction, and it hopes this measure will also discourage sugar smuggling.

In a bid to ensure tax compliance, the government has blocked the transfer of shares of seven corporate giants that thrived under the Awami League government.

The NBR instructed the RJSC to immediately block any sales or transfers of shares, whether through donations or otherwise

The National Board of Revenue (NBR) will open its online tax return submission portal tomorrow to facilitate digital income tax, wealth statement and other tax submissions by individual taxpayers for fiscal year 2024-25

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.

Unfortunately, all the mechanisms meant to address corruption seem to have been weakened, if not completely destroyed, one after another in recent decades.

The town is abuzz about how the astronomical price of a goat led to the opening of a gigantic can of worms

The tax administration backtracked from its decision to levy a 5 percent tax on incomes generated by manufacturers of motorcycles, air conditioners and refrigerators until 2032, raising it to the previous rate of 10 percent.

A “cybercriminal gang” attempted to release a container of cigarettes from Chattogram Port after breaching the server of the National Board of Revenue with the login credentials of a customs official.

With penalty, they owe government over Tk 7,000cr; S Alam Group director says they didn’t ‘evade even a single taka in VAT’

The disclosure comes a couple of hours after the finance ministry transferred Matiur to the Internal Resources Division from the NBR

Tax exemptions provided by the National Board of Revenue (NBR) are estimated to rise to Tk 163,000 crore in fiscal 2024-25 as the tax administration looks to ease the pressure on individuals and facilitate higher economic growth.

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.