National Board of Revenue (NBR) is planning to introduce a tracking system for its staff to sort out the inefficient and errant ones. The revenue collecting authority has taken the move to contain any unnecessary harassment of tax payers in the name of paying tax. "This will reduce the cases of lower
Author: Fahad Ferdous, UNB
Gold smuggling surges exploiting baggage rules
NBR plans to tighten regulations The National Board of Revenue (NBR) is set to amend the baggage rules as gold smuggling rises through organised syndicates exploiting loopholes in the regulations. Experts said that weak monitoring and lax enforcement at airports have allowed a steady inflow of smuggled gold, undermining the legal trade
Govt pushes for speeding up ADP implementation
The Planning Commission is sending letters to all ministries and divisions to complete their ongoing projects as quickly as possible to accelerate the implementation rate of the Annual Development Programme (ADP), which is record low right now. Aiming to expedite the ongoing development projects, the Planning Commission has taken the move
Tk 6,000b needed for deficit financing in next two FY
Govt moves to expedite ADP implementation
The interim government has taken a move to expedite the implementation of the annual development programme (ADP) aiming to induce money flow in the economy. To expedite the implementation, the interim government has decided to put emphasis on the projects which have been cleared by them since coming to office on
Govt plans to curb operating expenses of admin
The government has initiated measures to cut operating expenditures in the coming years, aiming to curb the rising trend witnessed in recent years due to various global and domestic challenges. The operating expenditures are projected to account for 58.7% of public expenditure in the 2025-26 fiscal year and 58.4% in 2026-27,
Bangladesh’s export earnings rebound from slump
Bangladesh's export sector is showing signs of steady recovery, overcoming disruptions caused by the political turmoil in July and August that led to the ouster of the Awami League government. According to data from the National Board of Revenue (NBR), export earnings in October surged by approximately 19 per cent compared
Govt seeks to shore up funds with non-tax revenue
The government has taken a move to improve collection from non-tax revenue (NTR) sources, as the revenue collection from this sector witnessed a downtrend in recent times. According to an official document, the collection of the NTR in the 2023-24 fiscal was Tk 49,000 crore while the actual target was Tk
NBR to crack down on corrupt officials soon
The National Board of Revenue (NBR) is taking preparations to launch its drive against the corrupt government officials for restoring the pride of the public servants which has been demolished in the course of time. According to some NBR top level officials, the revenue collecting authority is working seriously regarding the
