Country explores avenue to boost revenue collection
Country explores avenue to boost revenue collection

Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond to economic growth, reports UNB. Revenue buoyancy, the responsiveness of revenues to gross domestic product...

Pay income tax from home, no bank visit required: Chief Adviser
Pay income tax from home, no bank visit required: Chief Adviser

The interim government has introduced a system that enables individuals to pay their income tax from their homes, eliminating the need to visit banks or tax offices. In a video message on Monday, Dr. Muhammad Yunus, the Chief Adviser of the interim government, announced this initiative. He...

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...

US probing Musk's Tesla over self-driving systems
US probing Musk's Tesla over self-driving systems

The US agency in charge of regulating road safety revealed that they are probing Teslas self-driving software systems, reports BBC. The evaluation is being done by the National Highway Traffic Safety Administration (NHTSA). It covers 2.4 million Tesla vehicles manufactured in the last 8 years....

CPD recommends tax incentives to attract Chinese investment in renewable energy
CPD recommends tax incentives to attract Chinese investment in renewable energy

The Centre for Policy Dialogue (CPD) has emphasized crucial actions that Bangladesh should implement to attract Chinese investment in its renewable energy sector. These actions include offering tax breaks, reducing import tariffs, and making documentation processes more efficient. Dr. Khondaker...

Foreign secretary urges UN action on tax evasion and asset recovery
Foreign secretary urges UN action on tax evasion and asset recovery

Foreign Secretary Md. Jashim Uddin urged the UN to assist in tackling tax evasion and curbing illicit financial flows, highlighting the interim governments commitment to recovering stolen assets. He conveyed this message during a meeting with UN Under-Secretary-General for Economic and Social...