Tag: NBR

Amazon, Google register for VAT

- Times Report -

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

- Fahad Ferdous, UNB -

The National Board of Revenue (NBR) is mounting pressure on its field offices to boost VAT collection as only 41 percent of the first seven months’ target was achieved amid challenges posed by the Covid-19 pandemic. It has asked the offices to attain the target keeping the present situation in mind

VAT realization: NBR turns down Dhaka Club’s request

- Times Report -

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

265 zarda, gul factories evading taxes

- Times Report -

Many smokeless tobacco (SLT) manufacturers of Bangladesh have managed to slip away from the government's tax net; at least 265 of them are not paying taxes and 33% do not even have a valid trade license. Of the 483 SLT factories, 435 zarda – moist or dry chewing tobacco – and

Hike tobacco tax and price to save lives, earn revenues: ATMA

- Times Report -

The Anti-Tobacco Media Alliance (ATMA) on Tuesday urged the National Board of Revenue  (NBR) to impose specific taxes and hike prices of all tobacco products to discourage people from consuming them. At a pre-budget meeting in the city, the delegates of ATMA also presented its budget proposals for 2021-22FY and handed