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NBR is the authority for tax policies and tax laws in Bangladesh. [1] [2] NBR collects almost 97% of tax revenue and almost 85% of total revenue for the government of Bangladesh. [3] The Customs, Excise and VAT Appellate Tribunal is a tribunal under the National Board of Revenue established in 1995. [4] [5]
The budgets focused on several key reforms: the VAT net was expanded, and the tax-free income limit was increased to ৳0.15 lakh. The 4% infrastructure development surcharge was abolished, and changes were made to the tariff structure to support local industries. A new system of tax holidays was introduced, and corporate tax rates were reduced.
For companies, the tax day (i.e. tax return due date) is now the 15th day of seventh month following the end of income year; alternatively, where that fifteenth day is before 15 September, the tax day is 15 September of the year following the end of the income year. [3]
According to an estimate of the Office of the Registrar General, Birth & Death Registration 10 million children under the age of five do not have birth certificates and registrations. [5] Office of the Registrar General, Birth & Death Registration is having difficulties with online registration of birth certificates as of January 2021.
A chip protected by EAC will allow that this sensitive data is read (through an encrypted channel) only by an authorized passport inspection system. [1] [2] EAC was introduced by ICAO [3] [4] as an optional security feature (additional to Basic Access Control) for restricting access to sensitive biometric data in an electronic MRTD. A general ...
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) is an institution dedicated to cost and management accounting education and research in Bangladesh. It is managed as an autonomous professional body under the Ministry of Commerce .
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Bangladesh Electronic Fund Transfer Network (BEFTN) is a Bangladeshi electronic fund transfer network between banks within Bangladesh. [1] Its main purpose is to transfer funds between bank accounts. [2] The network can settle debit and credits. Salary, bill, dividend, interest could be paid through the system.