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...

Poor to get relief from Tax burden in next budget
Poor to get relief from Tax burden in next budget

The finance adviser Dr Salehuddin Ahmed said the poor people will get relief from the burden of Tax in the next fiscal year budget. He made the statement while addressing journalists at the Bangladesh Secretariat in the capital on Thursday. The adviser said: The budget for the upcoming fiscal...

Hidden salaries of foreign NGO executives in Bangladesh
Hidden salaries of foreign NGO executives in Bangladesh

Foreign executives of NGOs operating in Bangladesh are using concealed salary structures to evade taxes and launder money abroad, revealed a media report. This malpractice raises concerns over regulatory lapses, particularly in NGOs overseen by the NGO Affairs Bureau. Among the cases...

Dubai to reimpose 30% alcohol sales tax from next month
Dubai to reimpose 30% alcohol sales tax from next month

Dubai will reinstate a 30% municipality tax on alcohol sales starting January 1, 2025, according to several restaurateurs and a communication from alcohol retailer African + Eastern. The announcement was made via email to restaurants and bars, notifying them of the change, reads a Khaleej Times...