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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.
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.
Significance for employee's tax return. Form W-2 includes wage and salary information as well as federal, state, and other taxes that were withheld. This information is used by the employee when they complete their individual tax return using Form 1040.
Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency (California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes.
Simple tax returns can be filed using the Form 1040 whereas complex tax returns additionally require a tax schedule to be completed with the tax return. There are different types of schedules such as Schedule A, Schedule B, Schedule C, Schedule D, Schedule EIC, and Schedule SE.
In the United Kingdom, a tax return is a document that must be filed with HM Revenue & Customs declaring liability for taxation. Different bodies must file different returns with respect to various forms of taxation. The main returns currently in use are: SA100 for individuals paying income tax. SA800 for partnerships.
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.
A tax deduction or benefit is an amount deducted from taxable income, usually based on expenses such as those incurred to produce additional income. Tax deductions are a form of tax incentives , along with exemptions and tax credits .
Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income.
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.