The government may revert to monthly value-added tax (VAT) returns and payments from the current quarterly system launched this July amid concerns over monitoring difficulties, operational complications and increased collection risks arising from the new arrangement.

The 21 officials cleared of their penalties are: Commissioner (Current Charge) Md Zakir Hossain; joint commissioners of taxes Morshed Uddin Khan, Masuma Khatun, Md Mamun Mia, Monalisa Shahreen Sushmita and Md Sanwarul Kabir; additional commissioners of taxes Murad Ahmed, Mirza Ashiq Rana, Hasan Muhammad Tarek Rekabdar, Sifat-e-Mariam, Sultana Habib, Chand Sultana Chowdhurany, AAM Amimul Ehsan Khan and Sadhan Kumar Kundu; deputy commissioners Imam Tauhid Hasan Shakil, Md Zillur Rahman, Mohammad Saidul Islam, Mohammad Shihabul Islam and Md Shahadat Jamil; and revenue officers Sobuj Mia and Shafiul Boshr.

More than half of Bangladesh’s private universities are now facing the tax authority’s wrath for failing to file their tax returns in the last fiscal year.

He noted that bureaucrats try various ways to influence the government and run it in line with their own preferences

Rahman will serve for three years on a contractual basis from the date of joining

At least 29 consignments logged as exports, while officials allege raw materials were sold locally and incentives claimed

Bangladesh’s banking sector is facing a severe crisis of confidence, marked by liquidity shortages, delayed deposit repayments, restrictions on encashing matured deposit pension scheme (DPS) and fixed deposit receipt (FDR) accounts, and forced reinvestment

Economists said the target was unrealistic from the outset, given the NBR’s structural weaknesses

Taxpayers filing their returns between July 1 and September 30 will qualify for a tax rebate of 5 percent of the tax payable, up to a maximum of Tk 25,000

Eight leading trade bodies yesterday voiced deep concern over a National Board of Revenue (NBR) directive empowering tax officials to conduct on-site inspections for tax deducted at source (TDS), saying it has created fear and panic among businesses in manufacturing and services.

The National Board of Revenue (NBR) has strengthened its nationwide monitoring and verification of tax deducted at source, aiming to increase revenue collection.

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

Business leaders have urged the National Board of Revenue (NBR) to simplify customs procedures, alleging that repeated inspections, laboratory testing and lengthy verification processes are delaying cargo clearance by up to a week or more, driving up business costs and eroding the competitiveness of local industries

Businesses have welcomed the relief, and officials at the NBR say it will make compliance easier

The National Board of Revenue (NBR) is on course to miss its annual revenue target for the current fiscal year, extending its run of shortfalls to a tenth straight year.

The revenue authority plans to gradually develop a mechanism to assess assets at actual market value

Is there any immediate prospect of reviving meaningful revenue sector reforms under the new government?

The National Board of Revenue (NBR) posted a 14 percent growth in revenue collection in the first half of the current fiscal year (FY), yet missed the target for the period by a staggering Tk 46,000 crore or nearly 10 percent.

The National Board of Revenue (NBR) recorded a 15 percent year-on-year growth in tax collection during the first five months of the fiscal year 2025-26 (FY26), but still fell short of its target by nearly Tk 24,000 crore.

Finance Adviser Salehuddin Ahmed yesterday urged tax lawyers to assist the government in strengthening revenue collection by helping prevent the concealment of taxpayers’ income and wealth.