The National Board of Revenue has requested the Bangladesh Bank to order banks to refrain from opening back-to-back letters of credit for factories that do not have bonded warehouse licences.

Revenue collection grew marginally in July owing to the slowdown in business activities in the face of the government’s restrictions to combat the coronavirus spread.

Import-related irregularities have gone down significantly after the National Board of Revenue (NBR) doubled the minimum penalty for evading duties, helping the government earn more in taxes.

The customs authorities will not grant duty benefits under the South Asia Free Trade Area (Safta) if importers submit import related documents issued by non-member states of the South Asian Association of Regional Cooperation (Saarc), said a circular from the National Board of Revenue (NBR).

Green Delta Insurance Company has virtually launched an online VAT return processing software automating the whole process and ensuring transparency, convenience and timely processing. 

Global tech giant Google has paid Tk 2.30 crore as value added tax (VAT) directly to the National Board of Revenue.

Tax collection bounced back in Bangladesh in the last fiscal year to grow at the sharpest pace in 10 years, riding on increased imports and an uptick in receipts of value-added tax.

Rights group Liberty Shared has asked United States customs authorities to investigate the Malaysian operations of American tyre maker Goodyear Tire & Rubber Co over accusations of abusive labour practices, the group told Reuters.

Social media giant Facebook has deposited nearly Tk 2.4 crore in value-added tax (VAT) after it got registration for the indirect tax with the National Board of Revenue (NBR).

Social media giant Facebook has deposited nearly Tk 2.4 crore in value-added tax (VAT) after it got registration for the indirect tax with the National Board of Revenue (NBR).

Dutch health technology company Philips on Monday beat analysts’ expectations with a jump in second-quarter core earnings to 532 million euros ($626 million), boosted by its personal health and diagnosis businesses.

The Chattogram VAT commissionerate filed a case on Thursday accusing KSRM Steel Plant of dodging value-added tax (VAT) payments worth Tk 231.17 crore on product sales and raw material purchase.

From the current fiscal year, taxpayers will be required to pay taxes of up to Tk 5 lakh through automated chalans or electronic transfers.

Imam Uddin, the owner of a plastic toy store in the Mitford area of ​​Dhaka, was awarded Tk 1 lakh in exchange for eating a breakfast worth about Tk 85, including VAT, at a restaurant in the capital.

The National Board of Revenue (NBR) is likely to launch its new online tax return filing system in September this year, said officials yesterday.

The Customs House, Chattogram (CHC) clocked 23.23 per cent higher year-on-year revenue growth in the just-concluded fiscal year, fetching home Tk 51,577 crore.

If you have more than one car, SUV or minivan -- be it individually or jointly owned -- you have to pay 50 percent more income tax for each of such vehicles from the current fiscal year.

The United States, Britain and other leading nations reached a landmark deal yesterday to pursue higher global taxation on multinational businesses such as Google, Apple and Amazon.

The proposed 15 percent income tax on private universities is unacceptable and contradictory to the Private University Act-2010, Association of Private Universities of Bangladesh (APUB) said yesterday.

Three mobile accessories shops were gutted in a fire at Hatirpool's Motalab Plaza in the capital yesterday morning.