IRD suspends assistant commissioner of taxes for alleged bribery

Nine more officials of the National Board of Revenue (NBR) have been suspended for their alleged involvement in organising protests against the government's ordinance that dissolved the NBR and split it into two divisions.

The government lost a substantial amount of revenue last year due to a surge in contraband cigarettes and local counterfeit production, said National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan yesterday..This came about in spite of the imposition of higher taxes, he said, adding,

Over 85 percent of the certificates, licences, and permits (CLPs) issued so far through the Bangladesh Single Window (BSW) system were delivered within an hour, according to the National Board of Revenue.

The finance ministry yesterday sent four top officials of the National Board of Revenue (NBR) into retirement on ‘public interest’.

The Anti-Corruption Commission (ACC) has initiated another formal inquiry into allegations of corruption and irregularities, including illegal amassing of wealth, abuse of authority, and favouritism, against five more senior officials of the National Board of Revenue (NBR).

NBR officials’ work abstention hampering export, import activities, they say

Energy Adviser Fouzul Kabir Khan will head the panel

A meeting will take place at 5pm tomorrow

Lower tax benefit only for firms offloading minimum 10% shares via IPO or direct listing

Now it is 10%, down from 15%

The tax-free income threshold for war-wounded freedom fighters may increase by 5%

The CPD distinguished fellow also questions transparency in policy formulation

The announcement comes amid continued protest by tax officials

In the face of turmoil amid continued protest by employees, the government yesterday backtracked from its position and stated it would bring “required amendments” to the new ordinance that split the National Board of Revenue.

Their four-point demand includes the repeal of the recently issued ordinance and the resignation of the NBR chairman

The government will duly consider demands from protesting officials of the National Board of Revenue (NBR), who have been observing a pen-down strike since the interim government passed an ordinance aimed at dissolving the revenue board on May 12.

Employees of the National Board of Revenue (NBR) yesterday postponed their pen-down strike after the top authority of the interim government invited them for a discussion over their demands to repeal the new Revenue Policy and Revenue Management Ordinance, 2025.

Simple rebranding won’t resolve structural flaws, he says

A draft "State Policy and Revenue Management Ordinance, 2025 was approved last month proposing to dissolve the NBR