The National Board of Revenue (NBR) plans to collect more than four out of every five taka in income tax through tax deducted at source and advance income tax (AIT) in the current fiscal year, extending a strategy that already delivered over 85 percent of income tax collection in FY2025-26.

Officials may also temporarily seize documents or devices and collect copies of records

Investment disclosure and mandatory TIN provisions scrapped

'Considering all aspects, we have tried to formulate a budget that would provide at least some relief to people,' he says

TIN requirement for opening bank accounts may be dropped

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Tax-free income ceiling to hit Tk 4.5 lakh by FY31

The National Board of Revenue (NBR) is considering a range of measures to strengthen revenue collection in the upcoming fiscal year 2026-27 (FY27), including the reintroduction of a wealth tax, a new inheritance tax, higher rates for the ultra-rich, and a rationalisation of existing tax exemptions.

The government has ruled out any increase in tax rates, opting instead to expand the tax base and curb evasion to raise the tax-to-GDP ratio, said Rashed Al Titumir, economic adviser to the prime minister.

In our society, borrowing cash from relatives or friends during emergencies is quite common

In Bangladesh, the process of taxation remains shrouded in complexity and subterfuge.

New taxpayers will pay Tk 1,000 tax if their annual taxable income falls below Tk 450,000.

After five years, the income tax rate for the highest bracket is likely to revert to 30 percent in the upcoming fiscal year as part of the government’s efforts to address growing inequality — an issue that is among the country’s major economic concerns.

The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns. 

The government has moved away from its decision to raise the highest income tax rate to 30 percent and end tax holidays for investors in economic zones and hi-tech parks.

The tax measures unveiled yesterday for 2024-25 are not going to provide any relief to taxpayers.

While the cost of living remains high, with the inflation rate hovering at over 9 percent throughout the year, no ray of hope came for the common people in the budget declared yesterday. This is upsetting for the low and middle-income groups of society. 

Threshold increased for women, senior citizens, physically challenged persons, third gender, freedom fighters

In the coming year, the NBR may announce tax rates that will not only be applicable for the outgoing income year 2023-24 but also for the next income year 2024-25.

The port city’s income tax department handed over the best taxpayer awards