Around 10,000 cases for recovering a combined Tk 21,500 crore in value added tax (VAT) remains held up in different courts across Bangladesh, according to data of the National Board of Revenue (NBR).

It comes as the NBR unveiled the names of 141 individuals and companies as the highest taxpayers for the assessment year of 2022-23.

The National Board of Revenue (NBR) has provided exemption to the withholding tax on the interest earnings of foreign lenders who are lending to local firms for three months, according to a notification.

The Daily Star Editor Mahfuz Anam, Prothom Alo Editor Matiur Rahman also on the list

Businesses will have to deposit value-added tax (VAT) of Tk 10 lakh and above through electronic payment or automated chalan from the first day of January next year, the National Board of Revenue (NBR) said yesterday.

The interest rates of loans and deposits in non-bank financial institutions (NBFIs) increased further as the central bank hiked the interest margin by 25 basis points to make money costlier with the aim to curb skyrocketing inflation.

Five made it to the list for consecutive second year

no provision was included for the extension of tax return submissions after the expiration of the set timeframe

The deadline is scheduled to end on Nov 30

An Indian multinational company which took part in the construction of Dhaka’s first elevated metro rail is facing a penalty of Tk 7.03 crore for delaying the filing of income tax return for fiscal year 2019-20.

The visiting mission from the International Monetary Fund was not fully convinced with the plans laid out by the National Board of Revenue on accelerating the tax collection to raise the tax-to GDP ratio by 0.5 percentage points in the current fiscal year. 

Best Holdings is the owning entity of Le Méridien Dhaka

A report by the Tax Justice Network (TJN) reveals

The directive came from an Ecnec meeting today

The National Board of Revenue (NBR) has framed rules regarding tax deducted at source (TDS) in line with the new income tax law that came into effect last month.

At least 5.4 million taxpayers of the country have not submitted their income tax returns within the stipulated time frame for the current fiscal year 2022-23, Finance Minister AHM Mustafa Kamal told parliament today

The proposed income tax law has sought to make it mandatory for taxpayers in specific cases to add the statement of their living expenses with their tax returns.

The income tax law explains the issue

Those who sought time extension will only get the opportunity

The Centre for Policy Dialogue (CPD) today urged the National Board of Revenue (NBR) to bring non-resident tech giants such as Facebook, Google, and Netflix under tax.