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The tax law imposes income tax at 25 percent on listed entities and 32.5 [2] percent for non-listed entities. Corporate tax rate changes announced this year include: an additional surcharge of 2.5 percent on income of companies in the tobacco sector
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]
Goods and Services Tax (GST) in Singapore is a value added tax (VAT) of 9% levied on import of goods, as well as most supplies of goods and services. Exemptions are given for the sales and leases of residential properties, importation and local supply of investment precious metals and most financial services. [ 87 ]
Bangladesh Trade and Tariff Commission (BTC) [1] autonomous national statutory body that is responsible for placing tariffs on imports, protection of domestic industry, and the prevention of dumping of foreign goods in Bangladesh and is located in Dhaka, Bangladesh. [2] [3] Chairman of the Bangladesh Trade and Tariff Commission is Mahfuza Akter.
A value-added tax (VAT), also known as Goods and Services Tax (GST), Single Business Tax, or Turnover Tax in some countries, applies the equivalent of a sales tax to every operation that creates value. To give an example, sheet steel is imported by a machine manufacturer.
Bangladesh National Portal is a national portal of the People's Republic of Bangladesh under Access to Information programme [1] run by the Prime Minister's Office of Bangladesh. [2] The information portal aims to provide information about all national unions, upazilas, districts and divisions of the country. It was launched on 7 March 2015 as ...
The ministry is responsible for state finance, including the state budget, taxation and economic policy in Bangladesh. It is led by the Finance Minister of Bangladesh . The department must report to the Parliament of Bangladesh .
The taxation cadre in on the branches and manages tax collection and organizations such as the National Board of Revenue. [5] [6] [7] All cadres have their own associations such as Bangladesh Administrative Service Association, Bangladesh Police Service Association, and Bangladesh Judicial Service Association. [8]