The National Board of Revenue (NBR) today launched an automated system to enable public and private agencies deduct and deposit tax at source without taking trouble of doing the job manually.

Five global tech firms paid Tk 4.6 crore as value added tax (VAT) in August with social media giant facebook depositing the highest amount, which reflects the growing desire of businesses to advert about their product and services in the digital sphere.

Bashundhara Steel Complex Ltd, a concern of Buildtrade Group, has been sued for reportedly evading Tk 8.48 crore of value-added tax (VAT).

Chattogram customs office has seized a consignment of 200 grams of rhodium, a rare metal that is used as catalysts in the chemical industry, for declaring less than the current market price.

Bangladesh continues to remain highly dependent on cigarette and tobacco products for its value-added tax (VAT) collection as the health hazards account for nearly one-third of the indirect tax generated by the domestic market.

Fu Wang Bar has been sued by the VAT Audit, Intelligence and Investigation Directorate (VAIID) for allegedly evading Tk 41.08 crore in value-added tax.

The National Board of Revenue (NBR) has not yet taken any decision regarding holding the annual income tax fair this time around amidst the Covid-19 pandemic, said Chairman Abu Hena Md Rahmatul Muneem yesterday.

The VAT intelligence has claimed that Nasir Glass Industries Limited has evaded Tk 14.66 crore in value-added tax (VAT).

Alesha Mart has paid Value Added Tax (VAT) of Tk 52 lakh after the intelligence found evidence of VAT evasion against the e-commerce platform.

The VAT intelligence has filed a case against online shopping platform E-orange on the allegation of evasion of value-added tax (VAT).

Two entities of Popular Group have made a payment of Tk 6.36 crore against allegations of value added tax (VAT) evasion brought by a state intelligence wing probing claims of tax evasion by healthcare providers.

Global e-commerce company Amazon has paid Tk 53 lakh in Value Added Tax (VAT) directly to the revenue authority after it got registration for the indirect tax.

Global tech giant Google has paid Tk 2.30 crore as value-added tax (VAT) directly to the National Board of Revenue.

Trading of 25 fruit importers was halted yesterday after Benapole Customs House authorities suspended their licenses for not paying Tk 10 crore in outstanding revenue.

Revenue collection rose 20 per cent year-on-year to Tk 259,867 crore in 2020-21 fiscal year thanks to increased import duty, value-added tax (VAT) and income tax receipts.

Chattogram Custom House authority today seized 50 tonnes of fabrics worth Tk 20 crore reportedly imported forging fake seal and signature of Dhaka Customs Bond Commissionerate.

US Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto a global corporate tax deal, but added that it wasn’t necessary for all nations to adopt it.

Every year, the last week of November sees a mad rush of individual taxpayers at the tax offices and tax fairs. The reason is obvious: the final deadline to file annual income, expenditure and wealth statements without penalty is November 30, termed as Tax Day.

The government should develop a progressive tax system that ensures the efficient redistribution and use of resources to address inequality in the country, according to speakers at a webinar.

Bangladesh Cold Storage Association (BCSA) has demanded that the government reduce for the industry’s income tax from 35 per cent to 10 per cent in the national budget for 2021-2022.