NBR under pressure to raise Tk 2 lakh crore in 3 months to meet IMF targets
NBR under pressure to raise Tk 2 lakh crore in 3 months to meet IMF targets

The National Board of Revenue (NBR) must collect nearly Tk 2 lakh crore in the final quarter of FY2023-24 to meet IMF conditions tied to its $4.7 billion loan program. During a meeting with NBR officials in Dhaka on Sunday, the visiting IMF team, led by Mission Chief Chris Papageorgiou, called...

NBR seeks expansion of VAT base to raise revenue collection
NBR seeks expansion of VAT base to raise revenue collection

The National Board of Revenue (NBR) is focusing on expanding its Value Added Tax (VAT) base as part of efforts to increase revenue collection for Bangladeshs national exchequer. During a recent meeting on Thursday, NBR Chairman Md Abdur Rahman Khan instructed field officials in Dhaka to prioritize...

Thailand approves tax breaks for large commercial EVs
Thailand approves tax breaks for large commercial EVs

The Thai government has approved new tax measures to promote the adoption of large commercial electric vehicles (EVs), including buses and trucks, by businesses across the country. Announced by Deputy Finance Minister Julapun Amornvivat, the policy aims to encourage eco-friendly transportation and...

Tax exemption likely to be phased out
Tax exemption likely to be phased out

Md Abdur Rahman Khan, chairman of National Board of Revenue (NBR), on Tuesday said the government will gradually reduce tax exemptions and may eventually abolish the system. He made the statement while speaking at a pre-budget meeting at the NBR conference room. He said: We do not want to incur...

Online tax return submission may be mandatory next fiscal
Online tax return submission may be mandatory next fiscal

The NBR is planning to make it compulsory for all individual taxpayers to submit their income tax returns online from next fiscal, reports UNB. The National Board of Revenue (NBR) authority has taken the move as it got good results from the online income tax return submission this year....

NBR moves to expand tax net, targets 5 million taxpayers by end of FY
NBR moves to expand tax net, targets 5 million taxpayers by end of FY

The National Board of Revenue (NBR) has taken a move to expand the tax net, aiming to boost tax collection for increasing the tax-to-GDP ratio, reports UNB. As part of this initiative, the government has introduced new measures to bring more individuals and businesses under the tax umbrella,...

No income tax on foreign doctors’ fees for treating July Uprising injured
No income tax on foreign doctors’ fees for treating July Uprising injured

The National Board of Revenue (NBR) has exempted the income tax on fees, hotel rents, meals and airfares for foreign doctors during their stay in Bangladesh for providing treatment to people injured in anti-discrimination student movement. To this end, the NBR today (February 5) issued a...