Tag: NBR

Revenue collection grows 8.92pc in July-Feb

- Times Report -

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

NBR to reduce tax benefits on certain imports

- Times Report -

The National Board of Revenue (NBR) wants to reduce tax benefits on the import of goods that are also being produced locally to bring down dependency. "We aren't in such a situation where we have to be dependent on foreigners for everything," NBR Chairman Abu Hena Md Rahmatul Muneem said at

Many TIN holders fail to submit returns by deadline

- Times Report -

Though the government has made mandatory the submission of tax returns to get more than 40 services, the response remained poor.   The National Board of Revenue (NBR) extended time twice for return submission in the fiscal year 2022-23, despite this move, the number of returns remained around 30 lakh out

bKash gets highest taxpayer award from NBR

- Times Report -

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

- Times Report -

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

- Times Report -

 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

- Times Report -

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

- Times Report -

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

- Times Report -

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

- Times Report -

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