VAT
NBR faces IMF pressure to withdraw ICT tax exemption
The country’s income from the ICT sector at present is $1.9 billion. The sector has generated 20 lakh job opportunities in addition to 6.5 lakh freelancers. Start-up investment now stands at $ 5,000 million. All these achievements have been made due to the government’s business-friendly policies in this sector.
Tk21,930cr revenue deficit in 9 months of current FY
In the first nine months of the current financial year 2023-24, 63.5 percent of the annual revenue target has been met.
Tk 24,000 crore VAT entangled in legal web
In the fiscal year 2023-24, the National Board of Revenue (NBR) had set a target of collecting Tk 4 lakh 30 thousand crore as revenue. However, the actual collection fell short of this ambitious target, reaching only Tk 4 lakh 10 thousand crore. Despite this, satisfactory revenue collection did not occur.
No idea about 15pc VAT on metro rail ticket: Quader
Amid speculations regarding the imposition of a 15 VAT on metro rail’s ticket with effect from July 1, Road, Transport and Bridges Minister Obaidul Quader said on Friday that they know nothing about the matter.
15% VAT to be imposed on metro rail fare
The authorities are set to impose VAT on metro rail ticket prices from July.
When the individual seeks a shadow of development
We are constantly reminded to pay VAT and taxes to further the government’s development initiatives. All fine and good! The massive development projects sprouting up have, so we’re told are mostly being built with our money, meaning taxpayer contribution. Nothing could be better than depending on fewer, expensive loans. That the exhortations aren’t enough there’s a marvellous system of tax on tax ranging from Advance Income Tax to cool deductions from bank accounts of tax and Excise duties and almost 25% added to bills when eating out. And one can barely top-up cell phone bills before the scythe of tax is applied.
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