bKash gets highest taxpayer award from NBR

bKash has been honoured by the National Board of Revenue (NBR) as the highest Value Added TAX (VAT) payer in service sector at national level for iscal year 2020-21, a press release said Sunday. Kamal Quadir, CEO of bKash received the letter of honor and crest from Finance Minister AHM

Shapla Tax to provide free calculator, filing features

Bangladeshi startup, Shapla has recently introduced a new platform, Shapla Tax, making it Shapla’s second product in the market, a press release said Monday. This platform will allow citizens to calculate and file their taxes online. This new B2C platform intends to automate the tedious process of tax filing and

HSBC partners with NBR to facilitate statutory payment solution

 The Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh has established a smooth online statutory payment processing solution for VAT (Value added tax), VAT Deduction at Source (VDS), Excise Duty, Supplementary Duty and Penalties payments in association with National Board of Revenue (NBR).  HSBC introduced the online statutory payment solution partnering with

NBR relaxes tax return rules on bank loans

The National Board of Revenue (NBR) has relaxed the condition of showing tax return documents for bank loans up to Tk 20 lakh. It issued a notification in this regard on Sunday with immediate effect, which will remain in force June 30, 2023. The budget for the fiscal year 2022-23 made tax

SJIBL wins a special appreciation from NBR

Shahjalal Islami Bank Limited (SJIBL) has received special appreciation from the Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR) for contribution as one of the top taxpayers in the banking sector for the financial year 2021-22, a press release said Thursday. The NBR organized a special appreciation

BAT Bangladesh named among top taxpayers

The National Board of Revenue (NBR) has honored BAT Bangladesh as one of the top taxpayers of the country for the financial Year 2021-22. The company is recognized for being the highest income taxpayer under the ‘Manufacturing’ category. BAT Bangladesh received this award at a ceremony held in the capital

NBR to install 10,000 EFD to prevent VAT evasion

The National Board of Revenue (NBR) will install 10,000 Electronic Fiscal Devices (EFDs) in Dhaka, Chattogram and other big cities in the fiscal year 2022-23 in a bid to prevent Value Added Tax(VAT) evasion.  Finance minister AHM Mustafa Kamal in the proposed budget of 2022-23 kept an allocation to install EFDs

BGMEA urges NBR to support RMG industry

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged the National Board of Revenue (NBR) to support the RMG industry in realizing its potential and expediting growth, said a press release. BGMEA President Faruque Hassan made the requests at a meeting with  Zakia Sultana, member (VAT and Policy) of NBR at her

Cabinet asks NBR to cut VAT on edible oil import

The Cabinet on Monday directed the National Board of Revenue (NBR) to take immediate steps to curtail the VAT on edible oil import to the lowest ceiling in the wake of the rising price of the essential item. The directive came from the Cabinet's meeting chaired by Prime Minister Sheikh Hasina