Several hundred bidi workers have protested against a proposal for tax-hike on the bidi industry by some NGOs from the next fiscal year.
Category: Tax
Doctors for raising tobacco tax to protect public health
Scores of prominent doctors have urged the government to hike tobacco tax in the budget to protect public health.
Specific taxes to raise price of tobacco demanded
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.
The Case for Green Consumer Taxes
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
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.
Dhaka sees tax buoyancy at 12.2% in 2022
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.
Electronics manufacturers demand protection in import policy
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.
Income tax return submission date extended to Dec 31
The National Board of Revenue (NBR) has extended the deadline for income tax return submission up to December 31.
Collect revenues from Google, Facebook, their ilk: BD HC
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.
‘No questions can be raised over legalising black money’
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…
Move to gear up revenue mobilization in Bangladesh
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.
Taxation proposals made in Bangladesh Budget 2020-21
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…
Multi-millionaire says: Covid-19 is business case to tax the rich
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.
Expediate VAT collection: NBR asks field offices
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…
Salman hints reducing tax rate in next national budget
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…
Isn’t a wealth tax common sense?
The wealth tax proposals advanced by Democratic US presidential primary contenders have drawn vehement criticism from many who should be supporting them.
Reconditioned vehicle importers for customs valuation reform
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.
Int’l tax emergency: Critical time for poor nations to speak up!
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.
Poultry, Fish feed industries for 5 pc tax waiver on import
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.
C’wealth F. Ministers for e-commerce taxing to tackle debt
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.
Europe’s specialty food makers brace for US tariffs
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…
Dhaka procuring 10000 electronic tools to check VAT evasion
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…
Toll on using national highways for long-distance trips: PM
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…
Dhaka to introduce an app to check tax evasion cases
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.
Gas price hike to hit garment sector hard: BGMEA
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…
BD Finance Bill changes stocks, textiles tax proposals
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…
High taxes to impede BD telecom sector growth, says insiders
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…
Anti-tobacco groups for specific tax on tobacco products
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…
Beyond the EU budget zero-sum game
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…
‘Exempt poultry industry from 5 percent Vat’
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…