NBR reforms body to start work next week

The five-member Advisory Committee formed to propose positive reforms in National of Revenue (NBR) is likely to start its activities from next week although there is some Board confusions among the members regarding their facilities for work and jurisdiction. On Wednesday the interim government through a gazette notification formed the five-member

NBR sets six-month targets to expand tax net

The National Board of Revenue (NBR) has set a six-month target to significantly broaden its tax base, aiming to reduce the disproportionate burden on the country's existing taxpayers. "We have fixed a target of six months to widen the tax net, focusing on increasing the number of taxpayers. This will be

Next budget should focus on macroeconomic stability: CPD

The Centre for Policy Dialogue (CPD) Saturday said the primary goal of the FY25 national budget should be ensured macroeconomic stability. At the same time, the think tank believes the government must take stern reform measures in the upcoming budget since the first year of the new term is the most

ABB leadership congratulates NBR Chairman on reappointment

A delegation of the Association of Bankers Bangladesh Limited (ABB) led by its Chairman, Selim R. F. Hussain, made a courtesy call on the Chairman of the National Board of Revenue and Senior Secretary, Internal Resources Division Abu Hena Md. Rahmatul Muneem. ABB leaders congratulated him on his reappointment. ABB Secretary

BGMEA holds meeting with NBR

Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) held a meeting with Ms. Farzana Afrose, Member (Customs and VAT Admin) of the National Board of Revenue (NBR) to discuss pressing issues affecting the garment industry. The meeting was held at the NBR office in Dhaka on January

BGMEA urges NBR to make services easier for RMG industry

In the dynamic landscape of the global trade market, Faruque Hassan, President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), has called upon the National Board of Revenue (NBR) to extend cooperation and provide essential support to maintain the export-oriented ready-made garment (RMG) industry’s competitiveness on the global stage. “The

Tax return deadline extended by 2 months

The National Board of Revenue (NBR) has extended the deadline for submitting individual income tax returns by two months. Now, individual taxpayers could submit their income tax returns till January 31 next year. The previous deadline for income tax return was November 30. An order signed by Md Mohidul Islam Chowdhury, second

NBR defends min Tk 2,000 tax for TIN holders

 National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem on Friday raised the rationale behind the proposal to make the minimum Tk 2,000 tax for every TIN holder who is below the taxable income. "TIN is not mandatory for the poor. It is a matter of pride for the

Revenue collection grows 8.92pc in July-Feb

The revenue collection by the National Board of Revenue (NBR) during the July-February period of the current fiscal year (FY23) witnessed an 8.92 percent growth from income tax, VAT and customs with a collection of Taka 1,96,037.51 crore. The revenue collection by the revenue board during the same period of the