Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.

The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.

Shop owners shut their enterprises for an hour in parts of the country including capital Dhaka pressing for keeping the provision of package VAT.

The National Board of Revenue has drafted a new income tax law that seeks to keep corporate tax rates identical for all companies and

The National Board of Revenue is unlikely to give law enforcement agencies the authority to conduct drives against VAT dodgers, NBR officials told The Daily Star yesterday.

The leaders of the Metropolitan Chamber of Commerce and Industry (MCCI) demanded a single-digit interest rate on bank loans, low-

The Supreme Court stays a High Court order that halted the 7.5 percent value added tax (VAT) on the English medium schools’ tuition fees.

Customs Intelligence and Investigation Directorate officials seize a container carrying Indian currency at Chittagong port.

The government suspends an assistant commissioner of taxes (ACT) for allegedly helping taxpayers evade tax through forgery.

National Board of Revenue has issued a Statutory Regulatory Order (SRO) reducing 2 percent supplementary duty on mobile usage.

Exporters including apparel manufacturers will have to pay 0.6 percent tax at source on their income from exports from the upcoming fiscal year, as the government reduced the rate from the proposed 1 percent.

Writing on budget has become a challenge for me not only because so much has already been discussed, but there is barely anything original in the budget.

The revenue administration has tightened rules to prevent the use of fake taxpayer identification numbers by dishonest people for various purposes, including land and vehicle registration, at public and private agencies.