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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]
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
Two bodies; an advisory committee to reform the National Board of Revenue (NBR) and a task force 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.
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 ...
Use electronic filing: Filing your tax return online using either tax software or IRS Free File can help find deductions and tax credits you’re eligible for much more easily than filing by mail.
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 .
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