One of the important elements of transit and transhipment and tax revenue mobilisation is the facilitation of trade through ports without hassles. The National Board of Revenue (NBR) has decided to do its part. It has prepared a Tk20 billion project to strengthen the capacity of customs and VAT (value-added tax) administration. The government would seek foreign funds to bankroll the proposed project that aims at strengthening the pool of skilled manpower at the NBR, building advanced infrastructures and logistics and ensuring foolproof security in the case of transhipment of goods.
Source: thefinancialexpress.com.bd
Latest Posts in "Bangladesh"
- Bangladesh Enables Large Corporate Tax, VAT Payments Digitally via bKash and Other Mobile Services
- NBR Enables Corporate Tax, VAT Payments via bKash and Other Mobile Financial Services
- NBR Honours Top VAT Paying Businesses and Reporters to Promote Tax Compliance and Awareness
- Energy Ministry Urges VAT Cut on LPG Imports to Tackle Supply Crisis and Price Hikes
- Energy Division Seeks 10% Import VAT, Local Production Exemption for LPG to Ease Supply Crisis
