Known knowns -- is what best sums up the prognosis of the visiting International Monetary Fund mission so far as it looks to thrash out the conditions for the prospective $4.5 billion loan.

The National Board of Revenue (NBR) is going to install three lakh Electronic Fiscal Devices (EFDs) at retail and wholesale stores through third party in order to collect Value-Added Tax (VAT) from stores.

Paying taxes is considered a civic duty and doing so, is a stringent requirement of the law of every country as well. In Bangladesh, the National Board of Revenue or NBR is the governing body that oversees the collection of taxes and revenues. Every year, 30 November is commemorated as National Income Tax Day and it also marks the last date by which you have to report your earnings to the NBR by submitting your tax return memos to them.

Exporters of all sectors will likely get corporate tax rates equal to that of garment exporters from the next fiscal year, said officials of the finance ministry, which plans to encourage the diversification of Bangladesh’s export basket by affording this benefit.

There is bad news for consumers of imported luxury items: they will get dearer thanks to the tax measures the National Board of Revenue is preparing for the new fiscal year that begins on July 1.

National Board of Revenue today slapped up to 20 percent regulatory duty on around 135 products as part of the government's broader objectives to discourage imports and contain volatility in the foreign exchange market.

Wishy-washy -- is what best describes the government’s stance on scaling up its narrow revenue base, which is posing to become the Achilles’ heel to Bangladesh’s growth aspirations.

Businesses that have failed to file value-added tax (VAT) returns of March and April 2020 because of the countrywide shutdown will be able to file the returns within June 9 without incurring any penalty, says the National Board of Revenue (NBR).

The NBR and FBCCI yesterday said they had set aside their differences and had agreed to move forward with the government’s plan to implement the new VAT law from July 1.

The stock market investors will continue to enjoy the existing tax benefit in the upcoming 2019-20 fiscal year, says National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan.

The government yesterday honoured top 141 taxpayers, including individuals and companies, for their contribution to the development of Bangladesh's economy.

CNG-driven auto-rickshaws and other engine or battery-driven three-wheelers will be brought under the tax scheme in the upcoming budget, National Board of Revenue (NBR) says.

Robi Axiata yesterday agreed to pay unpaid value-added tax and supplementary duty amounting to Tk 18.72 crore, bringing an end to

The High Court issues a rule asking the government to explain in four weeks why it should not be directed to take necessary steps to stop advertisements on foreign television channels running in Bangladesh.

The price of rice at importer level came down by Tk 2.50 per kg as the latest duty cut became effective yesterday following issuance of a circular by the National Board of Revenue (NBR).

Since the announcement of the new budget, one of the main concerns of consumers countrywide has been the imposition of a flat 15 percent value added tax (VAT) rate on most goods and services.

The Anti-Corruption Commission arrests an official of the National Board of Revenue (NBR) from Chittagong for amassing wealth illegally and concealing wealth statement.

Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.

The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.

Shop owners shut their enterprises for an hour in parts of the country including capital Dhaka pressing for keeping the provision of package VAT.