NBR ITP case studies
NBR ITP · Put your knowledge to work in context.
The NBR ITP is a professional tax-practitioner credential associated with Bangladesh's National Board of Revenue (NBR), the body whose website hosts the official portals, acts, rules, SROs, general orders and forms for income tax, VAT, customs duty, and excise duty and surcharge. The exam is intended for candidates preparing to advise taxpayers or work in tax compliance, and it tests the four revenue domains in equal weight: Income Tax, VAT, Customs Duty, and Excise Duty and Surcharge, each at 25 percent. The NBR ITP case studies are 5 cases and about 2,931 words.
1Manufacturing Loss Carry-Forward and Minimum Tax Interaction
A private limited company in Karachi commenced commercial production in tax year 2022. It declared an accounting loss of PKR 48 million in 2022, a profit of PKR 30 million in 2023, and a profit of PKR 55 million in 2024.
642 words, about 3 min2Input Tax Apportionment for a Mixed-Supply Company
A company registered for sales tax in Lahore supplies both standard-rated goods and exempt goods from the same premises. In the tax period it made standard-rated taxable supplies of PKR 70 million and exempt supplies of PKR 30 million, total PKR 100 million.
572 words, about 3 min3Customs Valuation Where Transaction Value Is Doubted
An importer in Karachi filed a goods declaration for 500 cartons of LED panels from a related overseas supplier at a declared customs value of USD 40,000 (CIF). The same importer bought comparable LED panels from an unrelated supplier two months earlier at USD 95,000 for a similar quantity.
601 words, about 3 min4Excise Duty on Concentrated Syrups and Bottling Operations
A beverage company operates a plant that produces concentrated fruit syrup and also bottles finished carbonated drinks. In the month, it produced 20,000 litres of concentrate, of which 12,000 litres were transferred to its own bottling line and 8,000 litres were sold to another registered manufacturer.
570 words, about 3 min5Surcharge on Late Payment and Its Interaction with Penalty
A company filed its monthly sales tax return for January on 18 February but paid the tax of PKR 4 million on 10 April. The due date for payment was 15 February.
546 words, about 3 min