For the first time, the National Board of Revenue (NBR) held a lottery today with the receipts generated through electronic fiscal devices (EFDs) against purchases made by consumers from stores.

The National Board of Revenue is going to start installation of electronic transaction registers termed as electronic fiscal device from this month at retail and wholesale levels, says NBR Chairman Md Mosharraf Hossain Bhuiyan.

Chairman of the National Board of Revenue Mosharraf Hossain Bhuiyan has urged all to shun the “tax-evading tendency” for the sake of the country’s development.

The National Board of Revenue’s large taxpayer unit (LTU) has recently asked software companies to get listed with it if they were interested in providing programmes enabling businesses to maintain accounts and keep records of value-added tax (VAT).

Facebook will appoint a local representative within the next four to six weeks to ensure payment of value-added tax from their advertisement earnings from Bangladesh market, much to the relief of the revenue authority.

The tax administration has made it mandatory for both local and foreign firms to use a new form from the current fiscal year while filing returns, which will require companies to disclose more information in detail.

Most officials at Customs House Chattogram are not only performing their designated duties but also filling in for vacant posts for an acute shortage of workforce.

The government will use some 10,000 people through third-party sources to widen the tax net to upazila level by this year.

Revenue collection is poised to fall short of target by a big margin this fiscal year, with receipts growing the lowest in five years in the first nine months due to sluggish collection of customs tariff and value-added tax. Between July last year and March this year, the National Board of Revenue

The tax authority has not made opening taxpayer identification number (TIN) mandatory for stock investors, allaying the fears of general investors.

A panel of the National Board of Revenue is set to propose continuation of multiple rates of VAT along with 15 percent flat rate under the VAT and Supplementary Duty Act 2012, said officials.

Customs, Excise & VAT Commissionerate has sued 24 reputed organisations for not paying VAT on sales in this year's Dhaka

Tax collection growth slowed down in the first half of fiscal 2018-19, in what can be viewed as a major setback for the government's efforts to ramp up revenue.

The customs house of Chattogram is going to sue two firms—Grambangla Food Corporation and M/S N Islam Enterprise—on charges of money laundering in the name of goods import.

The process of collecting tax and complying with tax laws is changing fast. New generation computer software, real time reporting, artificial intelligence and machine learning technologies are transforming the tax systems of economies around the world.

Firms making goods and providing services from hi-tech parks will not have to pay income tax in the first seven years of their operations, up from three years previously.

Tax offices will remain open tomorrow and the day after for filing of income tax returns ahead of the December 2 deadline set by the government.

The ninth edition of the tax fair ended yesterday with record numbers and a louder call for a functional online returns submission

Various types of corruption of the anti-graft body could be found if anyone looks into its affairs objectively, said National Board of Revenue (NBR) Chairman Md Mosharaff Hossain Bhuiyan yesterday.

Some 68 percent of the population do not pay tax despite having taxable income, according to a study by the Centre for Policy Dialogue.