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 (NBR).
The five were among the top nine highest corporate tax-paying banks in the country.
The banks are Islami Bank, National Bank, Agrani Bank, BRAC Bank and Sonali Bank.
This downtrend in tax payments was reflected in the tax returns submitted by banks within the deadline of September 15, 2019.
Officials said the tax figures were the net ones, prepared after adjusting advance taxes and other tax benefits.
However, tax payments by City Bank, Dutch-Bangla Bank, Hongkong and Shanghai Banking Corporation (HSBC) and Standard Chartered Bank i...