BGMEA President Faruque Hassan has urged the National Board of Revenue (NBR) to remove customs and bond related impediments and ease procedures along with services in order to propel the growth of RMG industry. “Business procedures should be made faster and easier to reduce time and cost, which will help accelerate
Tag: NBR
BGMEA urges NBR to ease business procedures
BGMEA President Faruque Hassan has urged the National Board Revenue (NBR) to eliminate barriers to business procedures, especially customs and bond related issues and make them more simplified for the RMG industry in a bid to capture potential opportunities that lie ahead. The RMG industry has been able to back on
BGMEA urges NBR to simplify business procedures
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the National Board of Revenue (NBR) to remove customs and bond related obstacles from the way of business to expedite the growth of the apparel and textile industry. The association also called for simplifying business procedures like inclusion of new raw
BRAC Bank receives highest tax-paying bank award
NBR, BRAC Bank exchange views on online VAT payment
BRAC Bank organized a roundtable discussion where the bank’s corporate customers exchanged views with the high officials of National Board of Revenue (NBR) about their experience of paying VAT and other duties online. Kazi Mostafizur Rahman, VAT Online Project Director (Commissioner) of NBR was the chief guest at the roundtable titled
Around 18 lakh new e-TIN regs in last 14 months: NBR
Around 18 lakh people have registered for e-TIN (tax identification number) in the last 14 months, according to latest National Board of Revenue (NBR) data. With this, the number of e-TIN holders has reached to 67.93 lakh in the country. National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem made
BRAC Bank joins NBR’s online VAT payment system
The National Board of Revenue (NBR) has partnered with BRAC bank, allowing the bank to establish its API connectivity with NBR’s VAT Online Project, said a press release. BRAC bank has become the country's first private commercial bank to establish API connectivity with NBR's VAT online project. The release read that the
Amazon, Google register for VAT
Tech giants, Google and Amazon have acquired a Business Identification Number (BIN) from the National Board of Revenue (NBR) last week to run their business in Bangladesh while ensuring value-added tax (VAT) compliance. The companies will now pay a yearly 15% VAT on revenue earned from the country. Google got its VAT
NBR struggles to achieve VAT collection target
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. The revenue collecting authority in a letter recently informed that there is no scope of waiver of VAT and Supplementary