Most officials at Customs House Chattogram are not only performing their designated duties but also filling in for vacant posts for an acute shortage of workforce.

The government will use some 10,000 people through third-party sources to widen the tax net to upazila level by this year.

Revenue collection is poised to fall short of target by a big margin this fiscal year, with receipts growing the lowest in five years in the first nine months due to sluggish collection of customs tariff and value-added tax. Between July last year and March this year, the National Board of Revenue

The tax authority has not made opening taxpayer identification number (TIN) mandatory for stock investors, allaying the fears of general investors.

A panel of the National Board of Revenue is set to propose continuation of multiple rates of VAT along with 15 percent flat rate under the VAT and Supplementary Duty Act 2012, said officials.

Customs, Excise & VAT Commissionerate has sued 24 reputed organisations for not paying VAT on sales in this year's Dhaka

Tax collection growth slowed down in the first half of fiscal 2018-19, in what can be viewed as a major setback for the government's efforts to ramp up revenue.

The customs house of Chattogram is going to sue two firms—Grambangla Food Corporation and M/S N Islam Enterprise—on charges of money laundering in the name of goods import.

The process of collecting tax and complying with tax laws is changing fast. New generation computer software, real time reporting, artificial intelligence and machine learning technologies are transforming the tax systems of economies around the world.

Firms making goods and providing services from hi-tech parks will not have to pay income tax in the first seven years of their operations, up from three years previously.

Tax offices will remain open tomorrow and the day after for filing of income tax returns ahead of the December 2 deadline set by the government.

The ninth edition of the tax fair ended yesterday with record numbers and a louder call for a functional online returns submission

Various types of corruption of the anti-graft body could be found if anyone looks into its affairs objectively, said National Board of Revenue (NBR) Chairman Md Mosharaff Hossain Bhuiyan yesterday.

Some 68 percent of the population do not pay tax despite having taxable income, according to a study by the Centre for Policy Dialogue.

In a bid to automate the value-added tax system, the revenue authority has ordered businesses clocking more than Tk 5 crore in annual turnover to use software in maintaining accounts and keeping tax-related records.

Tax authorities plan to audit foreign companies' transactions with their associated entities abroad from next year in order to reduce the scope for illicit fund transfer and tax evasion, said an official yesterday.

The National Board of Revenue is set to offer compliant businesses the privilege to clear their imported and exported goods fast by awarding them the status of Authorised Economic Operator (AEO) with a view to boosting international trade.

Bangladesh Customs Tariff, a compilation of import and export duty and other rates of taxes, has been published for the sixth consecutive year to help businesses, particularly importers and exporters, take decisions on overseas trade.

A rising number of entrepreneurs are joining the queue to establish private economic zones, tempted by the tax breaks and a host of other benefits offered by the government.

Private sector credit growth continued its downward course in May after many banks sincerely adopted a 'go slow' policy in disbursing fresh loans.