In a bid to automate the value-added tax system, the revenue authority has ordered businesses clocking more than Tk 5 crore in annual turnover to use software in maintaining accounts and keeping tax-related records.

Tax authorities plan to audit foreign companies' transactions with their associated entities abroad from next year in order to reduce the scope for illicit fund transfer and tax evasion, said an official yesterday.

The National Board of Revenue is set to offer compliant businesses the privilege to clear their imported and exported goods fast by awarding them the status of Authorised Economic Operator (AEO) with a view to boosting international trade.

Bangladesh Customs Tariff, a compilation of import and export duty and other rates of taxes, has been published for the sixth consecutive year to help businesses, particularly importers and exporters, take decisions on overseas trade.

A rising number of entrepreneurs are joining the queue to establish private economic zones, tempted by the tax breaks and a host of other benefits offered by the government.

Private sector credit growth continued its downward course in May after many banks sincerely adopted a 'go slow' policy in disbursing fresh loans.

The National Board of Revenue missed its collection goal in the just concluded fiscal year despite logging about 20 percent growth in receipts, said an official citing provisional figures.

An alliance of 20 local non-governmental and civil society organisations yesterday urged the government to cut dependence on value added tax (VAT), as it takes a heavy toll on the poor.

No value added tax (VAT) has been slapped on inward remittance, the National Board of Revenue said yesterday.

The Bangladesh Insurance Association (BIA) yesterday demanded withdrawal of a 5 percent gains tax on bonuses given to policyholders against premiums.

The owners of CNG-run auto-rickshaws will be brought under the tax net in the upcoming fiscal year, said National Board of Revenue

National Board of Revenue (NBR) is going to organise Halkhata Day for the second time marking Pahela Baishakh, the first day of Bangla New Year.

Foreign investors in Bangladesh yesterday demanded cuts in corporate tax at least 5 percentage points to attract foreign funds and

The High Court yesterday unblocked Robi Axiata's bank accounts -- just a day after they were frozen by the revenue authority on

The National Board of Revenue is set to hire a global accounting firm to gather information on illegal fund transfers from Bangladesh,

The National Board of Revenue (NBR) plans to come out of the culture of granting tax benefits in a bid to boost collection, said its

A good tax collection system ensures that the method of paying taxes is convenient for taxpayers. Many developed and developing

Businesses are expected to face an increase in export and import costs as 15 percent value added tax (VAT) will be

The revenue authority will take a soft approach to collecting taxes, focusing on expediting trade, investment and economic

Finance Minister AMA Muhith yesterday termed “foolish” the single VAT rate prescribed by International Monetary Fund, rowing back