National_Board_of_Revenue

National Board of Revenue

National Board of Revenue

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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.[1][2] NBR collects almost 97% of Tax Revenue and almost 85% of total Revenue for the Government of Bangladesh.[3]

Quick Facts Abbreviation, Formation ...

History

The National Board of Revenue was established in 1972 through the National Board of Revenue Order, 1972. Later, the structure of the National Board of Revenue was amended through Act No 12 of 2009.[1]

Chairman of the National Board of Revenue, Badiur Rahman, retired following his transfer by the caretaker government which he said was due to his failure to please his masters in October 2007.[4]

The National Board of Revenue provided Carnet de Passage for tourists despite Bangladesh not being a signatory to the relevant United Nations treaties.[5]

In February 2018, Bangladesh High Court ordered the National Board of Revenue to unfreeze the accounts of Robi.[6] The National Board of Revenue raised 124.4 billion BDT from taxes on fuel.[7] The National Board of Revenue sought taxes from Facebook, Google, and YouTube following requests by Newspaper Owners' Association of Bangladesh.[8]

The server of the National Board of Revenue was breached in 2022 to release cargo in Chittagong Port.[9][10]

In October 2023, the National Board of Revenue failed to impress the International Monetary Fund with its plan to raise taxes.[11] The National Board of Revenue has around ten thousand cases in courts concerning 215 billion BDT in taxes.[12]

List of chairmen

More information No., Name ...

Structure

The NBR has one chairperson and eight members - Four for direct tax and four for indirect tax. The secretary of internal resources division acts as the ex-officio chairman of the board. There are 45 departments/directorates under the NBR, of which 25 are related to direct tax and 20 related to indirect tax.[1]


References

  1. "National Board of Revenue - Banglapedia". en.banglapedia.org. Retrieved 12 October 2016.
  2. "NBR provides all taxpayers what they need to know". bdnews24.com. Retrieved 12 October 2016.
  3. Bhuiyan, Md. Mosharraf Hossain (1 June 2018). "NBR Annual report 2016-17" (PDF).
  4. "Irked ex-NBR chief retires". The Daily Star. 23 October 2007. Retrieved 17 March 2024.
  5. Parvez, Sohel (3 June 2013). "A mistake that costs NBR Tk 200cr". The Daily Star. Retrieved 17 March 2024.
  6. "HC asks NBR to unfreeze Robi's bank accounts". The Daily Star. 28 February 2018. Retrieved 17 March 2024.
  7. Suman, Mohammad (16 August 2022). "Petroleum remains NBR's major source of revenue". The Daily Star. Retrieved 17 March 2024.
  8. Parvez, Sohel (29 April 2018). "NBR moves to tax Facebook, Google". The Daily Star. Retrieved 17 March 2024.
  9. "Why do NBR servers keep getting breached?". The Daily Star. 13 December 2022. Retrieved 17 March 2024.
  10. Suman, Mohammad (13 December 2022). "NBR Server Breach: Safeguards not working". The Daily Star. Retrieved 17 March 2024.
  11. "IMF mission unimpressed with NBR's collection plan". The Daily Star. 7 October 2023. Retrieved 17 March 2024.
  12. "Tk 21,500cr VAT cases pending in courts: NBR". The Daily Star. 7 December 2023. Retrieved 17 March 2024.
  13. "National Board of Revenue (NBR), Bangladesh". nbr.gov.bd. Retrieved 17 March 2024.



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