New VAT law

Bangladesh, Oct. 13 -- The waiver of Value Added Tax (VAT) for international oil companies on local production and supply of gas no longer exists in the new law, although their contract has such a pro... Read More

Govt risks losing sizeable revenue

Bangladesh, Oct. 9 -- The absence of a definition of inputs in the VAT law has put at risk the target of revenue mobilisation from manufacturing companies, officials say. Under the VAT law, manufactu... Read More

14 new scanners soon to beat duty evasion

Bangladesh, Oct. 6 -- The revenue board is going to procure some 14 new scanners at an estimated cost of Tk 5.0 billion to check duty evasion through under-invoicing and misdeclaration. Only four sca... Read More

A book relevant for businesses

Bangladesh, Oct. 4 -- With significant increase in international trade in recent decades, fiscal measures draw attention of many stakeholders. The government changes tax rates almost every year throug... Read More

Tax revenue receipts drop in July-August

Bangladesh, Sept. 30 -- The Large Taxpayers Unit (LTU) saw a drop in revenue collection in the July-August period of the current fiscal year (FY), 2019-20. The revenue collection growth took a hit as... Read More

Commercial samples import made tax-free

Bangladesh, Sept. 29 -- The customs authority has issued a rule to allow duty-free import of products without insurance and freight charges valued lower than Tk 2,000. The similar facility will be ap... Read More

VAT-exempt utilities for export sectors

Bangladesh, Sept. 27 -- The export-oriented sectors will get full exemption from payment of value-added tax (VAT) on utility services like gas, water and electricity bills only for the units manufactu... Read More

Govt policy allows import of casino, gambling materials

Bangladesh, Sept. 25 -- Casino and gambling materials have entered the country using legal routes as those are not labelled as restricted ones in the country's import policy order, sources said. The ... Read More

Getting Bins lands big firms in trouble

Bangladesh, Sept. 24 -- Large companies that are producing backward linkage products are facing difficulties in obtaining business identity. The National Board of Revenue issues central Business Iden... Read More

BB drafts law to check counterfeit currency

Bangladesh, Sept. 22 -- The central bank has prepared the draft of a first-ever law designed to prevent production, supply and use of counterfeit currency. The draft proposes the maximum life-time im... Read More