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In Bangladesh, the principal taxes are Customs duties, Value-Added-Tax (VAT), supplementary duty, income tax and corporation tax. Income tax [ edit ] The history of income tax in Bangladesh dates back to 1860 when it was introduced by the British Raj under the title Income Tax Act.
The National Board of Revenue ( NBR) ( Bengali: জাতীয় রাজস্ব বোর্ড) is the Central Authority for Tax Administration in Bangladesh. It is a Statutory Authority attached with the Internal Resources Division of Ministry of Finance. NBR is the Authority for Tax Policies and Tax Laws in Bangladesh. [1] [2] NBR ...
Taxation. An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income ). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Bangladesh, [a] officially the People's Republic of Bangladesh, [b] is a country in South Asia. It is the eighth-most populous country in the world and is among the most densely populated countries with a population of nearly 170 million in an area of 148,460 square kilometres (57,320 sq mi).
A tax return is a form on which a person or organization presents an account of income and circumstances, used by the tax authorities to determine liability for taxes. [1] [2] Tax returns are usually processed by each country's tax authority, known as a revenue service , such as the Internal Revenue Service in the United States, the State ...
Several of Bangladesh's laws are controversial, archaic or in violation of the country's own constitution. They include the country's prostitution law, special powers act, blasphemy law, sedition law, internet regulation law, NGO law, media regulation law, military justice and aspects of its property law. Many colonial laws require modernization.
Bangladesh is a unitary state [1] and the central government has the authority to govern over the entirety of the nation. The seat of the government is located in Dhaka, the capital of Bangladesh. [2] [3] [4] The executive government is led by the prime minister, who selects all the remaining ministers. The prime minister and the other most ...
An early modern city developed from the 17th century as a provincial capital and commercial centre of the Mughal Empire. Dhaka was the capital of a proto-industrialised Mughal Bengal for 75 years (1608–39 and 1660–1704). It was the hub of the muslin trade in Bengal and one of the most prosperous cities in the world.
This page was last edited on 3 November 2020, at 00:26 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply.