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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]
NGO Affairs Bureau was founded in 1990. [2] All NGOs that receive fund from outside Bangladesh are required by law to register with the bureau which falls under the Chief Advisor's office. [ 3 ] Mohammad Asadul Islam is the present director general of the bureau. [ 4 ]
Generally, a company's export earnings are 50 percent exempt. 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]
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
Charitable organizations in Nigeria are exempted under §25(c) of the Companies Income Tax Act (CITA) Cap. C21 LFN 2004 (as amended), which exempts from income tax corporate organizations engaged wholly in ecclesiastical, charitable, or educational activities. [34] Similarly, §3 of the Value Added Tax Act (VATA) Cap. V1 LFN 2004 (as amended ...
Sir Fazle Hasan Abed, founder of BRAC. Known formerly as the Bangladesh Rehabilitation Assistance Committee, then as the Bangladesh Rural Advancement Committee, and later as Building Resources Across Communities, [11] BRAC was initiated in 1972 by Sir Fazle Hasan Abed at Shallah Upazillah in the district of Sunamganj as a large scale relief and rehabilitation project to help returning war ...
NGO Affairs. Matters Relating to Board of Investment (BOI). Bangladesh Export Processing Zone Authority. Administration and supervision of subordinate offices and organizations under this office. Chief Advisor's Security including Special Security Force. Administration of Chief Advisor's Discretionary Fund. Messages and Addresses of the Chief ...