Source Tax News Today

The scope to file tax returns without paying any tax is likely to be over from the next fiscal year as the tax authority plans to expand the tax net and collection.

BGMEA proposes 0.5pc source tax for next 5yrs

The Federation of Bangladesh Chambers of Commerce (FBCCI) today demanded exemption of source tax on the supply of essential commodities.

Income tax return submission used to be a hassle in Bangladesh. As the government walks toward a digital Bangladesh, the process of submitting tax returns has become easier. Now you can submit your tax return files online.  In addition to that, the traditional paper-based tax return submission process is also there. Let’s see the detailed process of filing tax returns in Bangladesh.

A ccording to its mission statement, the Internal Revenue Service seeks to "[p]rovide America's taxpayers top quality service by helping them understand and meet their tax responsibilities...

The government should reconsider the proposals on increasing source tax on interest income of all companies, raising taxes on mobile phones, laptops and broadband internet services and giving amnesty to laundered money, Unnayan Shamannay Chair-Professor Atiur Rahman said today.

The government proposed increasing the source tax on export proceeds to 1 per cent from the existing 0.5 per cent in the next fiscal year. The finance minister today also proposed raising the source tax on bank interest for company taxpayers to 20 per cent from the previous year's 10 per cent.