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Category: Tax

Bidi workers protest against NGOs’ tax-hike proposal

May 26, 2021May 26, 2021 sub EditorBangladesh, Tax

Several hundred bidi workers have protested against a proposal for tax-hike on the bidi industry by some NGOs from the next fiscal year.

against, Bangladesh, Bidi, NGOs, proposal, tax-hike, workers

Doctors for raising tobacco tax to protect public health

May 7, 2021May 8, 2021 sub EditorBangladesh, Services, Tax

Scores of prominent doctors have urged the government to hike tobacco tax in the budget to protect public health.

Bangladesh, doctors, for, health, Public, raising, Tax, tax protect, Tobacco

Specific taxes to raise price of tobacco demanded

May 3, 2021May 3, 2021 sub EditorBangladesh, Tax

Describing the current tobacco tax structure as extremely complex, speakers at a webinar on Monday urged the government to simplify the tax structure to widen its net in the country.

Bangladesh, demanded, imposed, increase, Price, products, Specific, Tax, taxes, Tobacco

The Case for Green Consumer Taxes

April 24, 2021 editorColumns, Environment, Tax

With the pandemic not yet over, politicians are unsurprisingly loath to dampen spirits further with talk of tax increases. But the socially sustainable shift that they profess to seek will require revenue reforms.

VAT realization: NBR turns down Dhaka Club’s request

April 7, 2021April 8, 2021 sub EditorBangladesh, Tax

The National Board of Revenue (NBR) has turned down the request of Dhaka Club Limited to stop activities of realising Tk 33.74 crore as Value Added Tax (VAT) and Supplementary Tax.

Bangladesh, Dhaka Club’s request, NBR, realization, Tax, turns down, VAT

Dhaka sees tax buoyancy at 12.2% in 2022

December 5, 2020 editorBangladesh, Lead News, Tax

Dhaka, Dec 05 – The government has projected a marginal improvement in the tax to gross domestic product (GDP) ratio in the 2022-23 fiscal, despite the Covid-19 taking a toll on the country’s revenue collections this financial year.

at 12.2%, Bangladesh, dhaka, economy, in 2022, sees, tax buoyancy

Electronics manufacturers demand protection in import policy

December 3, 2020 editorIndustry, Tax

Bangladesh Refrigerator Manufacturers and Exporters Association (BRMEA) requested the government to make the import policy friendly for the fastest growing local electronics and hi-tech products manufacturing industry.

Bangladesh, demand, Electronics, in import policy, Industry, manufacturers, Protection

Income tax return submission date extended to Dec 31

November 30, 2020 Lutfun NaharBangladesh, Lead News, Tax

The National Board of Revenue (NBR) has extended the deadline for income tax return submission up to December 31.

Bangladesh, Dec 31, extended, Income tax return, Lead news, submission date, Tax

Collect revenues from Google, Facebook, their ilk: BD HC

November 9, 2020 Lutfun NaharBangladesh, Tax

The High Court on Sunday issued a 5-point directive to collect all kinds of due revenues, including value added tax (VAT) and tax, from internet based companies including Facebook, Google.

Bangladesh, Collect revenues, facebook, Google, High Court, Tax

‘No questions can be raised over legalising black money’

August 26, 2020August 26, 2020 editorBangladesh, Tax

Dhaka, Aug 25 – National Board of Revenue (NBR) chairman Abu Hena Md. Rahmatul Muneem has said that no organisation can raise questions over legalisation of untaxed money, popularly known as black money, and its subsequent investment availing amnesty in…

‘No questions, Bangladesh, black money, can be, economy, legalising, over, raised

Move to gear up revenue mobilization in Bangladesh

July 4, 2020 editorBangladesh, Lead News, Tax

The government has planned a series of programmes to enter a new era of taxation from 2020-21 FY in the run-up to achieving Vision 2041 and reaching the Sustainable Development Goals 2030.

Bangladesh, in, mobilization, move, revenue, Tax, to gear up

Taxation proposals made in Bangladesh Budget 2020-21

June 11, 2020June 12, 2020 editorBangladesh, Lead News, Tax

Chapter Six: Revenue Collection Activities Madam Speaker 157. Till now I have discussed the expenditures of the Government. Now we shall focus on the sources of the expenditures. The major share of the expenditures will come from internal resources which…

Bangladesh, Budget 2020-21, economy, made in, proposals, Taxation

Multi-millionaire says: Covid-19 is business case to tax the rich

May 29, 2020 editorColumns, Health, Tax

By Djaffar Shalchi COPENHAGEN, May 28 2020 (IPS) – For the past few decades, many big corporations and very wealthy individuals have operated according to the myth that they are “self-made”, that their success owed nothing to anyone else.

business case, Covid-19, economy, health, IS, Multi-Millionaire, says, Tax, the rich, to

Expediate VAT collection: NBR asks field offices

May 10, 2020 Staff ReporterBangladesh, Tax

The National Board of Revenue (NBR) on Sunday asked its field offices to formulate a strategy keeping in mind the present condition and expedite the collection of Value Added Tax (VAT) and thus achieve the revised revenue collection target. “We’re…

Bangladesh, Expediate VAT collection, field offices, NBR, Tax, VAT

Salman hints reducing tax rate in next national budget

March 11, 2020 Staff ReporterBangladesh, Tax

DHAKA – Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman today hinted reducing the tax rate in the next national budget for 2020-2021 for expanding the trade and business across the country. “The government is thinking to expand…

Bangladesh, national budget, reducing tax rate, Salman, Tax

Isn’t a wealth tax common sense?

February 3, 2020 Lutfun NaharColumns, Tax

The wealth tax proposals advanced by Democratic US presidential primary contenders have drawn vehement criticism from many who should be supporting them.

Columns, common sense, Tax, wealth tax

Reconditioned vehicle importers for customs valuation reform

December 14, 2019 editorBangladesh, Business, Tax

Dhaka, Dec 14 – Claiming that the existing customs valuation system for new and reconditioned vehicles is discriminatory, Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) on Saturday urged the government to reform it.

Business, customs, for, importers, Reconditioned, reform, valuation, vehicle

Int’l tax emergency: Critical time for poor nations to speak up!

November 6, 2019 editorInt’l relations, Op-Ed, Tax

by José Antonio Ocampo on 6th November 2019 An OECD proposal to reduce transnational tax evasion contains flaws which developing countries must challenge before it is set in stone.

for, Int'l tax emergency, Opinion, Poor nations, speak up, Time, to

Poultry, Fish feed industries for 5 pc tax waiver on import

October 26, 2019October 26, 2019 Lutfun NaharFishery, Tax

Dhaka, Oct 26 (UNB)- Urging the government to save the poultry sector of the country, feed industries owners on Saturday demanded the withdrawal of five percent advanced tax on import of raw materials of poultry and fish feed.

5 pc tax waiver, Fishery feed industries, import, Poultry, Tax

C’wealth F. Ministers for e-commerce taxing to tackle debt

October 21, 2019 editorICT Horizon, Tax

21 October 2019 – Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerce.

C’wealth, debt, e-commerce, economy, F. Ministers, for, tackle, taxing, to

Europe’s specialty food makers brace for US tariffs

October 18, 2019 editorFood & nutrition, Tax

Milan, Oct 17 (AP/UNB) — European producers of premium specialty agricultural products like French wine, Italian Parmesan and Spanish olives are facing a U.S. tariff hike due Friday with a mix of trepidation and indignation at being dragged into a…

BRACE, Europe’s, Food, Food & nutrition, for, makers, specialty, US tariffs

Dhaka procuring 10000 electronic tools to check VAT evasion

September 6, 2019 Lutfun NaharBangladesh, Tax

Dhaka, Sept 6 (UNB) – The National Board of Revenue (NBR) has started the process to procure modern technology-based electronic fiscal devices (EFDs), aiming to check VAT evasion both at the retail and wholesale levels. Sources at the NBR said…

10000 electronic tools, Dhaka procuring, to check VAT evasion

Toll on using national highways for long-distance trips: PM

September 3, 2019 Lutfun NaharBangladesh, Tax

Dhaka, Sept 3 (UNB) – Prime Minister Sheikh Hasina on Tuesday said toll should be collected from the long-distance vehicles that plyfour national highways and the money should be used forthe maintenance of the major roads. The Prime Minister said…

for long-distance trips, PM, Toll on, using national highways

Dhaka to introduce an app to check tax evasion cases

August 16, 2019 editorBangladesh, Lead News, Tax

Dhaka, Aug 16 – The National Board of Revenue (NBR) of Bangladesh has taken an initiative to introduce a mobile application and a software, aiming to check the cases of tax evasion and increase the number of taxpayers.

an App, Bangladesh, cases, dhaka, evasion, Tax, to check, to introduce

Gas price hike to hit garment sector hard: BGMEA

July 1, 2019July 1, 2019 Lutfun NaharBangladesh, Economy, Tax

Dhaka, July 1 (UNB) – Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday said the gas price hike will be another blow for an industry struggling for every penny. “On the basis of the information I have, the gas…

BGMEA, Gas price hike, hard, to hit garment sector

BD Finance Bill changes stocks, textiles tax proposals

June 30, 2019June 30, 2019 Lutfun NaharBangladesh, Budget, Tax

Dhaka, June 29 (UNB) – Parliament on Saturday passed the Finance Bill 2019 with some changes in the proposals over the capital market, VAT and handloom industry. For the first time in Bangladesh’s history, Prime Minister Sheikh Hasina moved the…

BD Finance Bill, changes stocks, proposals, textiles tax

High taxes to impede BD telecom sector growth, says insiders

June 27, 2019June 27, 2019 Lutfun NaharBangladesh, Last update, Tax, Telecom

Dhaka, June 26 (UNB) – High taxes and duties proposed in the national budget for 2019-20 fiscal year on the telecom sector will impede its growth, said insiders on Wednesday. They made the remarks at a roundtable discussion titled ‘Proposed…

BD telecom, High taxes, says insiders, sector growth, to impede

Anti-tobacco groups for specific tax on tobacco products

June 23, 2019June 23, 2019 Lutfun NaharEnvironment, Health, Tax

Dhaka, June 23 (UNB) – Leaders of different anti-tobacco organisations on Sunday urged the government to impose specific tax on tobacco products and withdraw all the facilities given to tobacco companies in the national budget considering public health. They came…

Anti-tobacco groups, for specific tax, on tobacco products

Beyond the EU budget zero-sum game

June 20, 2019June 20, 2019 editorBudget, Int’l relations, Op-Ed, Tax

by Leonardo Costa Discussion of the EU budget brings strife between supposed net contributors and beneficiaries. Yet the picture is more complex and Europe-wide taxation offers a way out. When it comes to the budget for the European Union, the…

beyond, EU budget, Europe, game, the, zero-sum

‘Exempt poultry industry from 5 percent Vat’

June 20, 2019June 20, 2019 editorFood & nutrition, Governance, Industry, Tax

Dhaka, June 19 – The leaders of the Feed Industries Association Bangladesh (FIAB) and Breeders Association of Bangladesh (BAB) have urged the government to exempt the poultry industry a 5 per cent Advance Tax (AT) and 5 per cent Advance…

5 percent, Bangladesh, demands, exemption, from, Industry, Pountry, VAT

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