NBR boosts security measures of ASYCUDA World system
NBR boosts security measures of ASYCUDA World system

The National Board of Revenue (NBR) has strengthened the security measures of the Automated System for Customs Data (ASYCUDA) World system aiming to prevent any sort of irregularities. According to the NBR, an unscrupulous group recently released a container of cigarettes by submitting a bill of...

NBR to gradually rationalise 60 tariff lines by 2026
NBR to gradually rationalise 60 tariff lines by 2026

The National Board of Revenue (NBR) plans to gradually rationalise and bring under the bound rate by 2026 some 60 tariff lines where the addition of customs duty and other duties and charges exceed the bound tariff. NBR has also identified 60 tariff lines where the addition of customs duty and...

Government urgently seeks revenue boost
Government urgently seeks revenue boost

The recent political uproar and change of power have significantly impacted the countrys revenue sector. The financial sector is struggling to recover from the chaos left by the ousted autocracy. The finance department acknowledges that the interim government must build substantial momentum to...

Over 10 lakh taxpayers complete registration for online tax payment: NBR
Over 10 lakh taxpayers complete registration for online tax payment: NBR

Some 10, 50,000 taxpayers have completed registration for online income tax return filing using the e-return option of www.etaxnbr.gov.bd portal. The number of online income tax return filings has crossed 2, 50,000, the National Board of Revenue said on Sunday, reports UNB. Online return...

Entrepreneurs targeted by resentment
Entrepreneurs targeted by resentment

The Bangladesh Bank or the Financial Intelligence Unit (BFIU) cannot appoint a receiver to any business entity on its own. If a receiver needs to be appointed, it requires a lengthy process. However, in recent days, several media outlets have reported that receivers have been appointed to 10...

NBR nominates six officials for C&F Agent attachment
NBR nominates six officials for C&F Agent attachment

The National Board of Revenue (NBR) has nominated six of its officials to continue the process of attachment of CF agents of importers, reports UNB. The officials are Farhad Khan Pathan, Rajeev Das, Md Mutarrif, Md Habibul Islam, Md Ruhul Amin and Shamsun Nahar. In order to ensure...

Govt plans big to boost national revenue in the next 2 fiscals: Document
Govt plans big to boost national revenue in the next 2 fiscals: Document

In its bid to boost the national revenue, the interim government has set a target to collect Tk 6,15,500 crore and Tk 6,95,100 crore respectively for the next two fiscals. The revenue is expected to grow around 13 per cent in the next three years, including the running one, to reach Tk 6,95,000...

NBR chairman emphasises financial reporting to boost economic governance
NBR chairman emphasises financial reporting to boost economic governance

National Board of Revenue (NBR) chairman Md Abdur Rahman Khan emphasised the importance of establishing a robust financial reporting and regulatory framework for Bangladeshs public and private sectors. Speaking at the inaugural discussion on Financial Reporting and Regulatory Framework: Public...

NBR waives airfare excise duty, VAT for hajj pilgrims
NBR waives airfare excise duty, VAT for hajj pilgrims

The National Board of Revenue (NBR) has waived the excise duty on inbound and outbound airfare for hajj pilgrims, as well as the value-added tax (VAT) on three types of service charges, aiming to lower their overall expenses of hajj, reports The Business Standard. Currently, the excise duty for...

NBR reduces capital gains tax on share sales to boost investment
NBR reduces capital gains tax on share sales to boost investment

The National Board of Revenue (NBR) has announced a reduction in the capital gains tax on profits from the sale of shares in listed companies on Bangladeshs stock exchanges, with the goal of making the market more appealing to both domestic and foreign investors. Under the new NBR notification,...

No need to pay tax for income less than Tk 3 lakh 50 thousand
No need to pay tax for income less than Tk 3 lakh 50 thousand

People with income of less than Tk 3 lakh 50 thousand per year dont have to pay minimum income tax. However, people with income more than this amount will be under minimum income tax rule. The above information was shared by National Board of revenue (NBR) chairman Abdur Rahman Khan on Sunday....

NBR lifts duties on rice import
NBR lifts duties on rice import

The National Board of Revenue (NBR) has lifted all import and regulatory duties on rice to ensure food security and control prices for the common people, reports BSS. To this end, the revenue authority issued a Statutory Regulatory Order (SRO) on Thursday. Earlier, the Directorate of Food...

NBR embraces data automation, upgrading system to international standards
NBR embraces data automation, upgrading system to international standards

The National Board of Revenue (NBR) has initiated steps towards data automation, aiming to implement an international-standard risk analysis system to better identify tax evaders, reports UNB. To support this effort, the revenue authority is prioritizing the collection of taxpayer data, which...

NBR Advisory Committee seeks stakeholder proposals for reforms
NBR Advisory Committee seeks stakeholder proposals for reforms

The newly formed five-member Advisory Committee, tasked with recommending reforms for the National Board of Revenue (NBR), has begun reaching out to stakeholders for input on pro-people changes, reports UNB. The committee is sending letters to private sector associations, including the FBCCI,...

NBR requires digital tax filing for certain government officials and corporations
NBR requires digital tax filing for certain government officials and corporations

In a significant move toward digitalization, the National Board of Revenue (NBR) has made online tax return filing mandatory for government officials in the tax zones of Dhaka, Narayanganj, and Gazipur city corporations. The tax authority has announced that all bankers, officials from mobile...

Bank accounts of ex-DB chief Harun, family members frozen
Bank accounts of ex-DB chief Harun, family members frozen

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has frozen all accounts held by ex-chief of the Detective Branch of police Harun ur Rashid and his family members at banks and Non-Banking Financial Institutions (NBFI), reports UNB. A letter in this regard has been given...