VAT & Tax
NBR against back-to-back LCs
The National Board of Revenue has requested the Bangladesh Bank to order banks to abstain from opening back-to-back letters...
Economy faces challenges of revenue shortfall
According to a budgetary document, revenue collection target for the running fiscal has been set at TK 330,078 crore. ...
NBR framing policy to prevent illegal activities
The National Board of Revenue and the revenue board are concerned about the opening of electronic tax identification numbers...
Govt to provide automated services to taxpayers
The government has taken several measures to provide seamless services to the taxpayers through automation and digitalization of Income...
DVS system will bring transparency in revenue collection :ICAB
According to Institute of Chartered Accountants of Bangladesh members, implementing the Document Verification System will bring transparency in the...
BRB sought 15 per cent VAT withdrawal
Bangladesh Rubber Board sought 15 per cent VAT withdrawal on privately-owned rubber products as the sector had been striving...
NTR surged at rocket high speed
Non-tax revenue (NTR), the second-biggest source of government revenues, jumped upward by nearly 130 per cent of Tk 458.6...
Fu Wang Bar alleged with VAT evasion charge of Tk 41cr
The VAT Audit, Intelligence and Investigation Directorate (VAIID) has sued Fu Wang Bar for allegedly evading Tk 41.08 crore...
ACC investigates on missing TK 850cr
On 7th of September, Anti-Corruption Commission interrogated a revenue officer and seven assistant revenue officers of Chittagong Customs House ...
NBR slow to make fully online taxation system
The National Board of Revenue is slow to fully implement a number of projects it has taken to completely...
Bangladesh’s tax-GDP ratio lowest in South Asia: NBR chair
Tax exemptions are crumbling 8.0 per cent from Bangladesh's tax-GDP ratio. NBR chairman Abu Hena Md Rahmatul Muneem said,...
New directives to check VAT evasion
The National Board of Revenue’s VAT policy wing redefined the way raw materials, machinery, spare parts and manufactured cigarettes...
Tax receipts decline TK 5,707cr short of target in July
According to National Board of Revenue, fell TK 5,707 crore short of target in July of the current fiscal...
Tk 11cr of VAT evasion charged at Nasir Glass
Accusations have been placed at Nasir Glass Industries for evading Tk 11.22 crore in value-added tax payment in a...
TK 7,000 crore short in revenue collection’s target
According to the National Board of Revenue, the revenue collection in July was more than Tk7,000 crore short of...
