The government is considering further incentives while emphasising ICT and advanced technology in order to increase the production of value-added products as part of preparations for graduation from least developed country (LDC) status, Chairman of the National Board of Revenue (NBR) Abu Hena Md Rahmatul Muneem said yesterday.
Be tough on dishonest traders but incentivise the honest: Finance minister asks NBR thedailynewnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailynewnation.com Daily Mail and Mail on Sunday newspapers.
Businesses in the port city yesterday said they have to wait long for getting refund of advance tax they paid earlier and demanded that the revenue collector expedite faster refund so that they can overcome the current challenges of liquidity crunch.
NBR Server Breach: At least three import consignments were released without inspection from the Chattogram Port using the login credentials of a top customs official in June-July despite the recent measures taken to thwart such cons that cost the state coffer in unpaid duties and taxes.
Automation could have boosted tax receipts: NBR Star Business Report Star Business Report
Automating the tax administration could have accelerated revenue collection while enabling work from home amidst the pandemic, averting many losses, including of opportunities, admitted a top official of the National Board of Revenue (NBR) yesterday.
At least eight NBR officials and staff, including a commissioner, have so far succumbed to Covid-19 while discharging duties and many taxpayers have suffered too, informed NBR Member (Tax Policy) Alamgir Hossain.
The NBR needs to have an IT-based organisational infrastructure, he told a virtual members conference titled Policy Paper on Direct and Indirect Tax organised by the Institute of Chartered Accountants of Bangladesh (ICAB).