The handling of imported goods by private Inland Container Depots (ICDs) fell sharply, nearly 32 per cent, in the last six years, jeopardising returns on investment in these establishments. Each of the ICDs had to invest not less than Tk 3.0 billion starting from acquiring land to installati

S. Alam's family members and their associated two companies have transacted cash worth Tk1.8 trillion so far in some six private commercial banks which law enforcers suspect earned through illegal means. Official sources said account transactions in only six banks reveals the data while rest 66 ba

Amid inflation hovering around a double-digit level for around a year, the Federation of Bangladesh Chambers of Commerce & Industry (FBCCI) has proposed exempting all agro-based essential commodities from source tax. The country's apex chamber called for the withdrawal of the tax, arguing the 2.0

To scrutinise any mismatch between the paid and actually payable value-added tax (VAT), the revenue authority is considering launching audits of the financial statements filed by global technology giants along with their VAT returns. Currently, 12 non-resident companies, including Google, Facebo

International oil companies (IOCs) remain exempt from submitting tax return directly as the Prime Minister has overruled revenue authority's opinion for incorporating a compliance provision into the draft Production Sharing Contract (PSC), sources said. This ruling from the highest government auth

Taxmen will act as judges too as Bangladesh's new income-tax law vests in them judicial power to try tax delinquencies, for the first time, in government bid to enhance revenue. The tax collectors can pronounce 'verdict' in the fashion of a civil court, instead of issuing order, to ensure tax comp

The government is scheduled to sit with stakeholders today (Wednesday) to find reasons behind a recent hike in prices of medicines and medical equipment. Today's meeting is part of an instruction from the Prime Minister's Office (PMO). The Directorate General of Drug Administration (DGDA), which

The tax revenue target and the capacity of the National Board of Revenue (NBR) are ill-matched. That is one of the major reasons for the widening shortfall in revenue collection, Mr Farid Uddin, a former member of the National Board of Revenue (NBR) has told the FE recently. The situation, he sa