NBR imposes 25% regulatory duty on rice bran oil exports
NBR imposes 25% regulatory duty on rice bran oil exports

The National Board of Revenue (NBR) has introduced a 25% regulatory duty on the export of both crude and refined rice bran oil to boost domestic supply and stabilize prices. The new tax measure, announced in a notification on Sunday, aims to discourage exports of rice bran oil, reports BSS. This...

NBR set to launch full bond automation to enhance trade efficiency
NBR set to launch full bond automation to enhance trade efficiency

The National Board of Revenue (NBR) is set to fully operationalise its Bond Automation system this month to enhance efficiency, transparency, and accountability in Bangladeshs trade operations. The rollout, initially planned for last month, was delayed due to businesses lack of readiness, according...

Import duty hike: Fruit import through Benapole suspended
Import duty hike: Fruit import through Benapole suspended

Importers have suspended the import of fruit through Benapole land port for an indefinite period protesting the governments decision to impose additional import duties. No fruit-carrying trucks have entered the port since Tuesday morning as per the importers decision, reports UNB. The move...

Mountain of complaints on telecom services
Mountain of complaints on telecom services

The telecom services in the country are in turmoil, with customers grappling with poor service quality and rising costs. Amid this crisis, the number of mobile and internet subscribers continues to decline every month, signaling a deteriorating trust in the industry. The situation has worsened due...

NBR cuts import duty on air purifiers to combat pollution
NBR cuts import duty on air purifiers to combat pollution

The National Board of Revenue (NBR) has reduced import duty on air purifiers aiming to provide a better air quality for the people in their rooms as Dhaka often secures the number one position of the most polluted city in the world. The applicable import duty will be 10 percent from now on,...

Recommendation made to cut addl duty on drugs: Adviser
Recommendation made to cut addl duty on drugs: Adviser

Health Adviser Nurjahan Begum said a recommendation has been made to reduce the additional duty on medicines. She revealed the information while speaking at a view-exchange meeting at Sylhet MAG Osmani Medical College on Saturday afternoon. The health adviser also said action will be taken...

Vietnam to end  tax exemption on low-cost imports starting February
Vietnam to end tax exemption on low-cost imports starting February

Vietnam will end its tax exemption on low-value imported goods, starting February 18, in a move that aims to regulate e-commerce and boost local consumption. This change, outlined in Decision 01 by Deputy Prime Minister Ho Duc Phoc, impacts goods valued below VND 1 million (approximately $39.3),...

Govt freed edible oil from duty, tax, VAT until March 31
Govt freed edible oil from duty, tax, VAT until March 31

The government has exempted all edible oil, including canola and sunflower oil, from duty, tax, and VAT until March 31, 2025, aiming to increase the supply of such essential items in the market. To keep the market supply normal and the prices at a tolerable level during the holy month of...