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Saudi co gets all-clear to operate Patenga container terminal

Dhaka, April 18 -- Decks are now all cleared for operation of the Patenga Container Terminal (PTC) with belated declaration bringing its designated import-export area under customs domain. With Wedne... Read More


VAT on MRT fares likely from FY25

Dhaka, April 18 -- Mass Rapid Transit (MRT) passengers may see nominal VAT (value-added tax) from next fiscal year as the government is going slow to avert any sudden pressure on their fares. The rev... Read More


NBR swings axe on exemptions, eyes Tk 94b VAT hike in FY25

Dhaka, April 17 -- The National Board of Revenue (NBR) has projected to collect an additional Tk 94 billion in value-added tax (VAT) in the upcoming fiscal year 2024-25, according to official document... Read More


NBR makes e-seal mandatory for transit goods

Dhaka, April 15 -- The National Board of Revenue (NBR) has issued a rule making an electronic lock and seal mandatory for transit and transshipment goods through Chattogram and Mongla ports to India. ... Read More


Tax breaks crucial for big ICT investments

Dhaka, April 7 -- The revenue authority is facing calls to extend tax benefits for the information technology and information and communications technology-enabled services (IT-ITES) sector until 2030... Read More


Orsaline taxed at 98pc in BD

Dhaka, April 4 -- Oral saline is taxed at above 98 per cent in Bangladesh now due to the inclusion of its prime packaging material on a high import tariff list. Local manufacturers say that changes i... Read More


NBR needs Tk 458.53b monthly haul to meet FY24 target

Dhaka, March 24 -- After a Tk 182.21 billion shortfall in domestic revenue mobilisation by February this year, the revenue authority now needs to collect Tk 458.53 billion in each of the remaining fou... Read More


Bhutan calls BD for duty benefit under PTA

Dhaka, March 23 -- Bhutan has urged Bangladesh to allow its businesses enjoy duty benefit under the Preferential Trade Agreement (PTA) signed in December 2020. Bhutan, the only country having a bilat... Read More


Gratuitous corporate tax relief ahead

Dhaka, March 14 -- A slew of tax benefits may be declared three months ahead of the national budget for fiscal year 2024-25 under an urgency felt for easing burden on select corporate taxpayers. Educ... Read More


Leather export source tax getting halved

Dhaka, March 10 -- Source taxes on leather-and leather-goods exports are going to be halved to help the sector meet high-cost compliance precondition of buyers, as export diversification comes under g... Read More