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The National Board of Revenue (NBR) has extended the deadline for companies in Bangladesh to submit their tax returns for the 2022-23 income period until June 15 this year, according to a notice issued yesterday.
Officials say they are on track to meet the deadlines necessary to receive the 2nd tranche of the loan package
While the National Board of Revenue’s policies to increase tax net has successfully raised the number of taxpayers to approximately 7.4 million, the return submission number remains low at 2.3 million
The government will continue to carry out a number of reforms in NBR revenue management in the next fiscal year in a bid to raise revenue income to the expected level. For proper implementation of VAT Law that came into effect from July 2019, necessary manpower, equipment and logistics will
The Institute of Chartered Accountants of Bangladesh (ICAB) welcomed the budget for the FY 2021-22 for the reduction of corporate tax rate, tax exemption from automobile, home appliance, light engineering along with tax incentive for employment of transgenders. They also showered praises on the government for their timely budget which exempted women SME entrepreneurs from tax,