National,Front Page
Considering power generation a major driver of economic growth, the government is going to enhance subsidy for the sector. According to finance ministry data, the power sector will get the highest subsidy worth Tk 9,500 crore in the FY20. The amount is Tk 300 crore more than that of the fund subsidi...
The National Board of Revenue (NBR) has targeted Tk 325,600-crore revenue collection for the fiscal year 2019-20. In addition, another Tk 14,500 crore will be collected from non-NBR tax sources bringing the total tax collection to Tk 340,100 crore, a reliable source in the finance ministry told Bang...
National,Back Page
The government, in order to protect the local farmers, has imposed double duty on rice import. The National Board of Revenue on Wednesday issued a Statutory Regulatory Order (SRO) increasing the duty to 55 percent from 28 percent. The NBR as per the SRO, upholding the existing 25 percent customs dut...
National
More people would be brought under tax net which would substantially help increase volume of tax collection.The 2019-20 fiscal budget has been prepared without putting any extra pressure on the people.The National Board of Revenue has plans to uplift revenue collection in the upcoming 2019-20 fiscal...
In a bid to make up the shortfall of tax collection during first three quarters of the current fiscal, the National Board of Revenue has prioritised five fields to reach its value added tax target. The prioritised fields are tax at source, floor space, brick kiln, bidi and value added tax from local...
Value-added tax (VAT) and supplementary duty (SD) waivers to some major sectors, like petroleum, telecommunication and tobacco, have posed a huge challenge before National Board of Revenue to meet the revenue collection target for the current fiscal year (FY) 2018-2019. According to official sources...
As the government is on a firm footing to enforce the Value Added Tax and Supplementary Duty Act 2012 from July next, the National Board of Revenue has finalized it cancelling the tariff value system. However, there is a strong debate among experts and business community that the new law may inflate...
Revenue earning in the first nine months of the current fiscal year has increased by 7.1 percent on a year-on-year basis but achieving the set target of Tk 2,96,201 crore in the fiscal is impossible. NBR sources said that even though they are trying their best to meet the target, it will not be poss...
The government is set to finalise the revenue target for the upcoming financing year, putting premier focus on the Value Added Tax (VAT), sources said.The VAT wing will be the thrust revenue earning sector in the FY20 as the government is optimistic about gearing up the collection of this indirect t...
The National Board of Revenue (NBR) is facing a big challenge to rein in businesses with fake electric Business Identification Number or e-BIN while it’s VAT wing is leading up to complete automation in the next fiscal. In March 2017, the NBR made its VAT online server open for all businesses ...
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