H1 corporate taxes from large units miss target by Tk 5.67b

Bangladesh, Jan. 8 -- At least five large commercial banks paid less in corporate tax in the last fiscal year than that of the previous year, thus, adding to the woes of the National Board of Revenue ... Read More

'Revenue think-tank' to support formulation

Bangladesh, Jan. 2 -- The government has decided to establish a 'revenue think-tank' to support its proposed medium-term revenue strategy (MTRS), aimed at increasing the tax-GDP ratio. The country's ... Read More

Transfer Pricing Cell to put 921 foreign companies under scanner

Bangladesh, Dec. 17 -- The Transfer Pricing Cell (TPC) would put some 921 foreign companies, operating in Bangladesh in various forms, under its close scrutiny to find out the level of their tax compl... Read More

Agents to pay VAT for non-resident MNCs

Bangladesh, Dec. 8 -- Multinational companies (MNCs), not having offices in Bangladesh, are unlikely to be allowed to pay VAT directly to the public exchequer, officials said. MNCs, not having establ... Read More

NBR revenue falls 24pc short of July-Oct target

Bangladesh, Dec. 5 -- The first four months of the current fiscal year saw a tax revenue shortfall of around Tk 202.20 billion against the target. However, the volume of tax revenue collection regist... Read More

Insurers can now invest in infrastructure bonds

Bangladesh, Nov. 25 -- The government has created scope for life insurance companies to join hands with it in development work through investing in infrastructure bonds. Officials concerned said a ne... Read More

Customs get teeth to tackle IPR violation

Bangladesh, Nov. 22 -- The customs authorities are now empowered to halt the products imported or exported, violating the Intellectual Property Rights, or IPR. According to the provisions of new rule... Read More

Unrecorded cash transactions limit may be set at Tk 10,000

Bangladesh, Nov. 20 -- The Anti-Corruption Commission (ACC) has proposed that the government set a cash transaction limit of Tk 10,000 in a bid to curb corruption through unrecorded transactions. The... Read More

Customs see import cost, retail price mismatch

Bangladesh, Nov. 18 -- The customs have found a gross mismatch between the assessed import value and the ruling market prices of onion. The average price of a kilogram of onion currently stands at Tk... Read More

Number of foreign taxpayers static

Bangladesh, Nov. 13 -- The number of foreign taxpayers has remained the same during the last three years, despite the government's efforts to trace the illegal aliens. The National Board of Revenue, ... Read More