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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]
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 ...
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
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Two bodies; an advisory committee to reform the National Board of Revenue (NBR) and a task for to review the Income Tax Act 2023 were constituted by the Interim administration, which also launched an online return filing system for tax year 2024-25 and made the submission of online income tax returns mandatory for certain occupations.
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