- Elephant found dead in Ctg; tooth, nails reportedly smuggled
- 'Bangla New Year to be celebrated seeking global peace'
- Tamannaah Bhatia to set hearts racing again, video of her shooting song for Raid 2 leaks
- Ram Charan’s wife Upasana Konidela has a ‘family constitution’ to settle wealth disputes
- China strikes back with 84% tariffs on US goods as Trump trade war escalates
- India launches new Aadhaar app with facial authentication in testing phase
- 'Severe punishment for those behind missing animals at Gazipur Safari Park'
- India stops transshipment facility for Bangladesh’s export cargo
- UAE: HPV vaccine prevents cervical cancer, doctors tell parents as 90% target announced
- CA seeks greater collaboration with UK in enhancing Bangladesh’s healthcare system
- ‘How was school today?’ How to help kids open up and say more than ‘fine’
- Court freezes Hasina, Rehana's Bangabandhu Memorial Trust Fund FD
- UAE: Pakistanis can now avail 5-year multiple-entry visas
- China seeks to 'tariff-proof' economy as trade war with US deepens
- DMP slaps restriction on movement of unauthorised people near SSC centres
- Urvashi claims to be the "best promoter" after SRK, gets trolled
- Say no to 70 hour weeks': Namita’s emotional reaction after watching Netflix’s Adolescence
- EC forms expert panel to set voting mechanism for expats: Sanaullah
- South Korea lays out 'strong will' to host 2036 Olympics
- Pakistan FM, FS, US high-level delegation to visit this month
Construction sector in crisis, seeks tax relief in upcoming budget
Private-sector construction in Bangladesh has slowed significantly due to severe financial losses, affecting industries such as housing, cement, steel, sand, ceramics, and hardware. Stakeholders have urged the National Board of Revenue (NBR) to take urgent measures to sustain over a hundred...
Tesla nabs series of permits for California robotaxis
Tesla has received the first of several approvals needed to eventually launch a robotaxi service in California, according to the California Public Utilities Commission (CPUC). The CPUC granted Tesla a transportation charter-party carrier (TCP) permit, typically issued for chauffeur-driven...
NBR chairman reveals tax evasion through Tk730cr remittance
National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan revealed that a taxpayer brought Tk730 crore into Bangladesh, exploiting the tax-free remittance facility for expatriates. When asked to disclose the individuals name, he said, Its better not to say the name. Once actions are taken,...
Finance Adviser hints at corporate tax cuts in upcoming budget
Finance Adviser Dr. Salehuddin Ahmed on Sunday hinted that corporate tax rates may be revised downwards in the upcoming budget for the 2025-26 fiscal, with an acknowledgement that current rates are relatively high. Speaking to reporters after a pre-budget meeting with leading economists at the...
NBR to digitise operations under master plan
The National Board of Revenue (NBR) has launched a master plan to digitise its operations, aiming to provide efficient digital tax services to all taxpayers. In the future, all NBR activities will be conducted through a digital platform. We will digitise everything. A master plan is in progress,...
NBR cuts source tax on fresh fruit imports to 5%
The National Board of Revenue (NBR) has reduced the source tax on imported fresh fruits from 10 per cent to 5 per cent. The fruits covered by this reduction include fresh or dried oranges, citrus fruits (both fresh and dried), grapes (fresh or dried), lemons (fresh or dried), other citrus fruits...
Company tax return deadline extended to April 30
The National Board of Revenue (NBR) has extended the deadline for companies to submit their income tax returns until April 30, 2025, reports UNB. The previous deadline for filing tax returns was set for March 16. A notification was issued by HM Shahriar Hasan, the second secretary of the NBR,...
NBR cuts source tax on raw materials for cancer medicines
National Board of Revenue (NBR) has reduced the existing source tax on the import of raw materials used to manufacture cancer medicines. Source tax has been reduced from 5% to 2% to make cancer treatment more accessible in the country, reports BSS. NBR issued an SRO on Sunday. Cancer...
Highway restaurants must install electronic VAT machines: NBR
The National Board of Revenue (NBR) has made the installation of Electronic Fiscal Devices (EFDs) or Sales Data Controllers (SDCs) mandatory for all highway restaurants to curb tax evasion and improve Value Added Tax (VAT) collection. The decision follows complaints from consumers that many...
DCs asked to bring doctors, traders in upazilas under tax net
Deputy Commissioners were instructed to bring doctors in districts, upazilas, and rural areas, who have substantial income but evade taxes, under tax net, said Finance Adviser Dr Salehuddin Ahmed on Monday, reports UNB. The directive was given to the deputy commissioners during the second...
Sharjah imposes 20% tax on natural resources companies under new law
Sharjah has introduced a 20% corporate tax on companies involved in both extractive and non-extractive activities related to natural resources, as announced on Thursday, reads a Khaleej Times report. The law, passed by Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of...
Income tax return submission deadline extended
The National Board of Revenue (NBR) on Thursday extended the deadline for submitting income tax returns till February 16. Earlier, the last date of submitting income tax returns of all categories of taxpayers except those of companies for 2024-2025 fiscal year was January 31. The NBR issued...
Crypto giant Binance faces investigation in France for money laundering, tax fraud
French authorities have launched a judicial investigation into Binance, the worlds largest cryptocurrency exchange, citing allegations of money laundering, tax fraud, and illegal operations, some linked to drug trafficking. The probe spans offences from 2019 to 2024, including violations in France...
Proposed Revenue Commission to enhance NBR's tax efficiency
A high-level advisory panel has recommended establishing a dedicated commission to enhance the National Board of Revenues (NBR) capacity for tax administration and revenue collection through well-founded policies, reports UNB. The proposed Revenue Commission aims to develop revenue policies...
‘Taxpayers can submit income tax return online round the year’
National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan said taxpayers can now submit their income tax return round the year online but they have to pay extra charge. He made the announcement while speaking at the World Customs Day programme held at the Multipurpose Hall of the NBR where...
Court orders seizure of tax records of Nowfel
A Dhaka court on Sunday has ordered the Anti-Corruption Commission (ACC) to seize income tax documents of former education minister Mohibul Hasan Chowdhury Nowfel. Judge Md Zakir Hossain of the Dhaka Metropolitan Senior Special Judges Court passed the order after an appeal was filed by ACC...
Revenue deficit stands at Tk42,000cr in 5 months
Chief Advisers Press Secretary Shafiqul Alam on Sunday said that the interim government has decided to impose VAT to reduce the revenue deficit, not in compliance with the conditions from the International Monetary Fund (IMF). The press secretary said, The tax-to-GDP ratio in Bangladesh has been...
Nagorik Committee demands withdrawal of hikes in customs duties, taxes on products
Jatiya Nagorik Committee has demanded the withdrawal of two ordinances issued by the interim government increasing customs duties, taxes and VAT on hundreds of products and services, including daily necessities such as medicines, LP gas, powdered milk, and mobile phone SIM cards. At the same...