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Download QR code; Print/export Download as PDF; Printable version; In other projects ... BRAC (NGO) Bangladesh Rehabilitation Assistance Committee;
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]
NGO Affairs Bureau was founded in 1990. [2] All NGOs that receive fund from outside Bangladesh are required by law to register with the bureau which falls under the Chief Advisor's office. [ 3 ] Mohammad Asadul Islam is the present director general of the bureau. [ 4 ]
Generally, a company's export earnings are 50 percent exempt. 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]
Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
As a part of the then British India, it was the first codified law for the then Bengal too. Since independence in 1971, statutory law enacted by the Parliament of Bangladesh has been the primary form of legislation. Judge-made law continues to be significant in areas such as constitutional law.
It is the third largest non-governmental organisation (NGO) in Bangladesh. [2] Gulnahar Parveen is chairwoman of the Thengamara Mohila Sabuj Sangha. [3] It is based in Bogura while headquartered in Dhaka. [4] It operates Rafatullah Community Hospital in Bogra District. [5] It is a sister organization of the Palli Karma Sahayak Foundation. [6]
These include reliefs and exemptions in relation to income tax, capital gains tax, inheritance tax, stamp duty land tax, and value added tax. These tax exemptions have led to criticisms that private schools are able to use charitable status as a tax avoidance technique rather than offering a genuine charitable good. [40]