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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.
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]
A tax return usually includes the following components. Income consists of the sources of a citizen's revenue, excluding items which are exempt from tax by law.Wages, salaries, income from retirement plans, dividends, interest and capital gains or losses should be considered as a source of revenue.
In his first two budgets, he introduced significant measures to enhance tax compliance and regulate imports. In his inaugural budget for the 1980-81 fiscal year, which totaled ৳4,108 crore, Saifur made it mandatory for individuals with an income exceeding ৳20,000 to file tax returns on time, with penalties imposed for non-compliance. In his ...
The directorate also asked the managing director of Raintree Hotel, Shah Mohammad Adnan Harun, to appear before it after it had found illegal alcohol and evidence of tax fraud following a raid at the hotel. [18] [19] [20] It seized the car of Moosa Bin Shamsher for dodging tax during import. [21] He was later summoned by the directorate. [22]
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Hasina will return to Bangladesh when the caretaker government decides on holding elections, her son said, but it was not clear if the 76-year-old would stand.
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