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New govt pay scale may cost Tk 700b more yearly

Dhaka, Oct. 26 -- An initial estimate by the National Pay Commission (NPC) suggests the new government pay scale would require around Tk 700 billion more annually, including a hike in pensions, gratui... Read More


Fully paperless customs in Bangladesh by 2028

Dhaka, Oct. 14 -- Bangladesh is advancing towards a fully paperless customs system by 2028 with the move to expand the digital window for the clearance of imports. Recently, the Chief Adviser's Offic... Read More


Advisory Council to nod amended NBR ordinances today

Dhaka, Oct. 9 -- The Advisory Council may approve amended ordinances for income tax, customs, and Value-Added Tax (VAT) today (Thursday), paving the way for the bifurcation of revenue administration a... Read More


Mid-year tax hike thru ordinance: Sudden fiscal measure draws more ire than revenues

Dhaka, Oct. 2 -- A much-debated mid-year fiscal measure hiking taxes earns more ire than additional revenue income to uplift Bangladesh's low tax-to-GDP ratio in the past fiscal year. Fearing a large... Read More


Suspended NBR officials' reinstatement begins

Dhaka, Sept. 28 -- The process to reinstate the suspended National Board of Revenue (NBR) officials has started in full swing as the departmental inquiry is making progress. Around 33 officials of th... Read More


35pc taxpayers in 41 zones each skipped filing

Dhaka, Sept. 1 -- Around 35 per cent of taxpayers in each of the 41 tax zones across the country did not file tax returns in the last fiscal year despite having the taxpayer identification number (TIN... Read More


Bangladesh moves to amend treaty with Pakistan

Dhaka, Aug. 29 -- Bangladesh has moved to amend the double taxation avoidance treaty with Pakistan to boost bilateral trade and investment in the wake of the recent diplomatic correspondence between t... Read More


Low revenue-GDP ratio stokes worry

Dhaka, Aug. 20 -- Bangladesh's lowly revenue-GDP ratio dipped further in the last financial year due mainly to economic downturn and sluggish business ambiance, coupled with unrest in the revenue-gath... Read More


Abysmal potholes in corporate tax payments exposed

Dhaka, Aug. 16 -- Gross mismatch between the number of registered companies and that of corporate income-tax receipt by the exchequer persists, as the tax returns submitted annually by the former cont... Read More


Revenue reform, tax digitisation, trade-clearance systems start paying

Dhaka, Aug. 9 -- Three major steps on digitisation of the tax administration in last one year of the interim government has already started paying off through faster trade documentation and leak-plugg... Read More