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Category Archives: Tax News

Muhith also wants probe against Dr Yunus’s tax rebates Day after premier Sheikh Hasina blasted Nobel laureate Muhammad Yunus in parliament, finance minister AMA Muhith on Thursday said the tax rebates enjoyed by the Grameen Bank founder should be investigated. “It’s a difficult proposition. However, Dr Muhammad Yunus’ Grameen Bank took advantage of a number of tax rebates. Those should be investigated,” Muhith told newsmen at his ministry ... Read More »

Drive beginsw to trace tax evaders : NBR

tax-drive NBR Chairman Md Nazibur Rahman on Wednesday announced that drives began against those who are evading tax. He made the announcement at a function at NBR premises. Nazibur said the drives would continue till January 21. “When someone becomes tax-friendly, we receive him or her cordially. On the contrary when someone evades tax, we turn ferocious to him or ... Read More »

Kaus Mia gets tax card Md Kaus Mia, receiving tax card as highest first tax payer in business category in the fiscal year 2015-16 from the Finance Minister Abul Maal Abdul Muhith MP at the NRB Bhaban in the city recently. NBR Chairman Md Nojibur Rahman was also present Read More »

No holiday for tax offices till November 30 All tax offices will remain open on the next weekly holidays to facilitate submission of income tax returns by individual taxpayers within the deadline of November 30, the National Board of Revenue said yesterday. The tax offices will be open from 9:00am to 8:00pm every day till November 30, NBR spokesperson Syed A Momen told The Daily Star over ... Read More »

NBR to hold meetings with businessmen National Board of Revenue (NBR) will hold meetings with businessmen to resolve the VAT (value-added tax)-related problems. Finance Minister Abul Maal Abdul Muhith directed the NBR to take action in this regard.   The finance minister held a meeting with NBR officials at the Secretariat on Tuesday and asked them to sit with the businessmen in a bid to ... Read More »

NBR to award tax cards to 141 The National Board of Revenue (NBR) is set to honour 141 taxpayers including 76 individuals and 53 companies with tax cards for their exemplary compliance. The tax cards will be given in 18 categories for individual taxpayers, 14 categories for companies and four categories for firms and other taxpayers at the national level.   Individual taxpayers include freedom fighters, ... Read More »

NBR to felicitate 141 top taxpayers The National Board of Revenue is set to honour 141 taxpayers, including 76 individuals with tax cards later this month, for their exemplary compliance. “We are going to honour more taxpayers so that more people feel encouraged to be compliant,” said a senior official of NBR seeking to remain unnamed. The tax cards will be given in 18 categories ... Read More »

Google may face over $400 million Indonesia tax bill for 2015

BBC OnlineIndonesia plans to pursue Alphabet Inc’s Google for five years of back taxes, and the search giant could face a bill of more than $400 million for 2015 alone if it is found to have avoided payments, a senior tax official said. Muhammad Hanif, head of the tax office’s special cases branch, told Reuters its investigators went to Google’s local ... Read More »

Those who earn Tk 16,000 or more must pay tax: Muhith

 Sylhet Correspondent Finance Minister AMA Muhith on Saturday  said the government is planning to bring those who earn Tk 16,000 or more a month under the tax net from the next fiscal year. He came up with the disclosure while talking to reporters after visiting Shahi Eidgah in the city. The minister also said they will finalise their decision to ... Read More »

`Income Tax Form to be comprehensible` Terming “Income Tax Form” complicated, State Minister for Finance and Planning M A Mannan said, “Tax payer could not understand the form easily. Government has already started processing to make it comprehensible.”   The State Minister came up with the disclosure while speaking an Income Tax Awarness Workshop at Sagor-Runi auditorium of the capital`s Dhaka Reporters Unity (DRU) on ... Read More »