Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, October 1, 2020 07:37:43 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Revenue target slashed by 8 pc this fiscal: NBR

By STAFF REPORTER
07th-Mar-2014       
Share
  • Twitter
  • Google+
  • Save
  • E-mail
  • Print
Comments
Share your thought
Post a comment »
Read all () »

The National Board of Revenue (NBR) Chairman Md Ghulam Hussain said, the government has slashed revenue target by 8.08 per  cent i.e.Tk 11,000 crore for the fiscal year (FY) 2013-14.
He said it while talking to journalists at a special press briefing held in the conference room  of ACC at Segunbagicha in the city on Thursday.
The revised revenue target is now Tk 1,25,000 crore, down from Tk 1,36,000 crore.
The decision has been taken after political mayhem centering the national parliamentary polls held on January 5, the chairman said.
The NBR  has so far collected Tk 1,21,000 crore as revenue  till January, short of target by Tk 4,000 crore, he said, assuring that the target would be met by year-end.
Md Ghulam Hussain, who is also the Secretary of Internal Resources Division under Finance Ministry, said that the NBR would reduce corporate tax and increase on tobacco related products in the next fiscal year.
The corporate tax, which is now 37.5 per cent, will come down to 25 per cent.
He said, the corporate tax in other countries is  of lesser amount than in our country.  The directive of the finance minister will follow in this connection.
The chairman said, the additional earnings from the tobacco related products will be used for the treatment of the cancer patients and charitable organisations", he said.
Before doing such, NBR will hold discussion with different stakeholders, merchant samities, businessmen, NGOs and others. "The next budget will be 'poor-friendly' as the rich will pay more tax  and the poor will pay less.
It should be mentioned that the bank accounts  of Sheikh Hasina and Khaleda Zia were seized during the last caretaker government. After Hasina drew the attention of the NBR in writings, her account was made operative. The similar procedure will follow in case of Begum Khaleda Zia applies", he said.
To another query, how NBR would fill the gap to be created by the reduction of corporate tax, he  said that the volume of tax collection would  be increased.
Admitting the practice of corruption by NBR's officials, the chairman said, the revenue collection faces somewhat complexity for such malpractice.
When asked whether NBR has any plan to take action against the MPs and ministers who evaded tax, he said, it has such a plan.

Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Olympic artistic swimmer Kotani appointed as Tokyo 2020 sports director


The Tokyo 2020 organizing committee announced on Wednesday that former Olympic synchronized swimming bronze medalist Mikako Kotani has been appointed as the new sports director. The 54-year-old Kotani, who won bronze in the solo and duet events at the 1988 Seoul Olympics, will act as the "voice of the athletes," ...

Editorial »

Financial crimes during the pandemic must be held in check


MEDIA report on Wednesday said economic downturn triggered by ongoing Covid-19 has created many holes in the banking and financial system through which money launderers and fraudsters are seeking to amass huge wealth by illicit trade, financial crimes and such other mischief. In many cases criminals are attempting to profit ...

International »

First Black Muslim festival to launch amid anti-racism uprising


Al Jazeera News :Amid a global anti-racist movement following the death of George Floyd in Minneapolis, Na'ima B Robert hosted an online conversation about what it means to be Black and Muslim."A lot of the people who were at that conversation continued to come back … and as we had ...

Editorial »

ICT Act needs urgent review to allow free flow of information


Marking the International Day for Universal Access to Information on Monday, journalists and academics in a virtual discussion organised by Transparency International Bangladesh (TIB) in the city said, media is experiencing a suffocating situation now pointing out that 37 journalists were sued for reporting on high level corruption even during ...

Football »

AC Milan interested in signing Man Utd defender Diogo Dalot


AC Milan are interested in signing Manchester United right-back Diogo Dalot.The Portugal U21 international played just once for United following the restart of the 2019/20 season, and is yet to feature during this campaign.Ole Gunnar Solskjaer has preferred Aaron Wan-Bissaka and Timothy Fosu-Mensah at right-back in United's three matches so ...

International »

Coronavirus deaths rise above a million in `agonizing` global milestone


Reuters :The global coronavirus death toll rose past a million on Tuesday, according to a Reuters tally, a grim statistic in a pandemic that has devastated the global economy, overloaded health systems and changed the way people live.The number of deaths from the novel coronavirus this year is now double ...

International »

Pakistan, Afghanistan shake hands as they aim to end mistrust


Al Jazeera News :Pakistan and Afghanistan have reaffirmed their commitment to closer ties and the Afghan peace process, as the chairman of Afghanistan's High Council for National Reconciliation, Abdullah Abdullah, continues his tour of his country's eastern neighbour.Speaking at an event in the capital, Islamabad, on Tuesday, Abdullah struck a ...

National »

Prof. Shamsul Huda dies


Staff Reporter, Kishoreganj :Educationist Professor A.F.M  Shamsul Huda,a former Principal of Gurudhyal Government College in Kishoreganj died at Syed Nazrul Islam Medical College Hospital on Tuesday noon where he was under treatment being affected by Covid-19.He was 90.He left behind his wife, four sons , daughter and a host of ...

Business & Economy »

LankaBangla, Shinepukur Suites sign MoU


Business Desk :LankaBangla Finance Ltd (LBFL) has recently signed a memorandum of understanding (MoU) with Shinepukur Suites for its customer privilege.Under the agreement, LBF cardmembers will enjoy buy one get two (B1G2) Buffet Lunch and Dinner (weekend) and also up to 60 per cent discount on room accommodation and food ...

Entertainment »

Jaya Ahsan waiting to fly Kolkata for works of new movies


Sheikh Arif Bulbon :Popular film actress of Bangladesh and Kolkata Jaya Ahsan is waiting to go to Kolkata for work of her new movie titled Chheledhora. Now she wants go to Kolkata in October. Not only this but also she likely to complete the works on two more movies there. ...

Entertainment »

Actor Farooque diagnosed with tuberculosis


Entertainment Report :National award winning film actor and ruling Awami League lawmaker Akbar Hossain Pathan, popularly known as Farooque in the screen, has been diagnosed with tuberculosis. The veteran actor of Dhallywood has been undergoing treatment at Mount Elizabeth Hospital in Singapore now. Earlier after receiving treatment at two major ...

Editorial »

WASA must ensure supply of clean water for Dhaka dwellers


THE level of mismanagement, inefficiency and corruption in WASA's handling of water supply and sewerage in the capital has been greatly exposed. Despite implementation of many projects costing hundreds of crores of taka over the years, Dhaka city dwellers in many areas are still living with dirty and foul-smelling water, ...

International »

Pompeo visits Greece in bid to ease East Med tensions


Al Jazeera News :US Secretary of State Mike Pompeo has begun a two-day visit to Greece for talks aimed at de-escalating tensions in the eastern Mediterranean and setting the groundwork for dialogue between Athens and Ankara.The often-testy relations between Greece and neighbouring Turkey have deteriorated sharply this year, particularly over ...

Entertainment »

Indo-American Shree Saini in race for Miss World America pageant


Miss World America recently announced its 2020 contestants list. The 2020 Miss World America pageant will see Indian American Shree Saini. She is the chosen representative of Washington State. She is a survivor of heart surgery at age 12 for a pacemaker implant and she is a burns survivor. She ...

Editorial »

Observing Rivers Day while saving the water bodies from pollution


THE World Rivers Day on September 27, observed globally this year on the theme of 'waterways in our communities', left a question --- what is the condition of our rivers? Historically rivers play a vital role in human settlement in this delta with livelihood, communication, agricultural production. Rivers here viewed ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news