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NBR is responsible for the formulation and continuous re-appraisal of tax-policies and tax-laws in Bangladesh. Negotiating tax treaties with foreign governments and participating in inter-ministerial deliberations on economic issues having a bearing on fiscal policies and tax administration are also NBR's responsibilities.
Passed on 15 July 1973, the first amendment was made to the Article 47 of the constitution. The amendment inserted an additional clause, Article 47(3), that states that any law regarding prosecution or punishment of war crimes cannot be declared void or unlawful on grounds of unconstitutionality. A new Article 47A was also added, which ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the sigma falls differently on different groups in each country and sub-national unit.
The Goods and Services Tax (GST) is an abolished value-added tax in Malaysia. GST is levied on most transactions in the production process, but is refunded with exception of Blocked Input Tax, to all parties in the chain of production other than the final consumer. The existing standard rate for GST effective from 1 April 2015 is 6%.
The Constitution of Bangladesh [a] is the supreme law of Bangladesh. Adopted by the 'controversial' [1] [2] [3] and virtually "one-party" [4] Constituent Assembly of Bangladesh on 4 November 1972, it came into effect on 16 December 1972. The Constitution establishes Bangladesh as a unitary parliamentary republic.
The 1986 tax law reduced the demand for tax shelters and the opportunities for tax avoidance by constricting the gap between regular rates and the minimum tax rates. Lowering the top marginal rates, restricting the ability to use losses on just one type of income for balancing gains on other income and finally by taxing capital gains with full ...
Cooperative efforts in this project by 44 state governments and the District of Columbia eventually produced the Streamlined Sales and Use Tax Agreement in 2010. [28] This agreement establishes standards necessary for simplified and uniform sales tax laws. As of December 2010, 24 states had passed legislation conforming with the agreement.
The fundamental rights of the people of Bangladesh have been namely guaranteed in Part III (Article 26-47) of the constitution of Bangladesh. [1] [2] [3] But the protection of fundamental rights under the Constitution has been inconsistent and that is why, during the period from 2009 to 2023 under the rule of the Awami League-led government, 2,699 people were victims of extrajudicial killings ...