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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]
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 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.
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FORMAT The Sony Pictures Television and Nippon TV format known variously around the world as “Dragons’ Den,” “Shark Tank” and “Lions’ Den” is launching its 50th version, “Shark ...
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 authority has recently approved 37 new economic zones, which consists of governmental, non-governmental and specialized economic zones. The government also announced 50pc tax relief in hi-tech parks and economic zones. [11] Agailjhara Economic Zone, Barisal (Under construction) Anowara (Gohira) Economic Zone, Chittagong (Under construction)
It investigated a number of travel agencies but found they had engaged in tax evasion by hiding some their income. [19] From 2004 to 2014, the cell identified 15.81 billion BDT in tax evasions and collected 7.25 billion BDT in taxes. [4] It works with the Anti-Money Laundering Department of Bangladesh Bank. [20]
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