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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. [3]
The National Board of Revenue (NBR) (Bengali: জাতীয় রাজস্ব বোর্ড) is the central authority for tax administration in Bangladesh. It is a statutory authority attached with the Internal Resources Division of Ministry of Finance. NBR is the authority for tax policies and tax laws in Bangladesh.
From 1921 to 1947 various Indian revenues were overprinted BENGAL for use in modern Bangladesh and West Bengal. Since independence, Bangladesh has issued revenues for the following taxes: [1] Airport Tax (1982–1988) Cigarette Tax (c.1972-c.1975) Court Fees (1973–1992) Entertainment Tax (c.1972 – 1988) Excise (1981–1986) Foreign Bill ...
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.
The Bangladesh Abandoned Property (Control, Management and Disposal) Order, 1972 (President's Order) The Bangladesh (Adaptation of Insurance Act) Order, 1972 (President's Order) The Bangladesh Bank (Demonetisation of Currency Notes) Order, 1972 (President's Order) The Bangladesh Constituent Assembly Members (Cessation of Membership) Order, 1972 ...
They play vital role in field administration. At first, they are posted at office of the Deputy Commissioner in Districts. As Executive Magistrates, they conduct mobile courts under the Mobile Court Act, 2009. The officers recruited in Taxation service through BCS exams start their career as Assistant Commissioner of Taxes (ACT).
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]
VAT Audit, Intelligence and Investigation Directorate (Bengali: ভ্যাট অডিট, গোয়েন্দা ও তদন্ত অধিদপ্তর) is a specialized intelligence agency of the government of Bangladesh under the National Board of Revenue responsible for investigating Value Added Tax fraud.