NBR ITP study guide
NBR ITP · Work through your exam, one topic at a time.
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 study guide has 4 sections and about 1,650 words.
01Income Tax: Core Concepts, Traps, and a Worked Example
Start with the charge itself: who is taxed, on what, and for which income year. A candidate must be fluent in the distinction between resident and non-resident treatment, because residence status drives the scope of taxable income (worldwide versus source-limited).
354 words, about 2 min02VAT: Mechanics, Common Traps, and a Worked Example
VAT is a multi-stage tax on consumption, collected by businesses on behalf of the revenue authority. A candidate must understand: taxable persons and the registration threshold; taxable supplies versus exempt supplies; the distinction between output tax and input tax; the credit mechanism that makes VAT neutral for registered businesses; zero-rating versus exemption; place and time of supply; and the invoice and record-keeping requirements.
325 words, about 2 min03Customs Duty: Valuation, Classification, and Procedure
Customs duty is charged on goods crossing a border. A candidate must understand: the customs value of imported goods; the tariff classification of goods; the applicable rate structure; the point at which the duty becomes payable; the roles of the importer, declarant, and customs authority; and the procedures for entry, examination, and release.
333 words, about 2 min04Excise Duty: Scope, Basis, and Traps
Excise duty is a selective tax on specific goods, typically those with health, environmental, or luxury characteristics. A candidate must understand: which goods are excisable; whether the duty is specific (a fixed amount per unit) or ad valorem (a percentage of value); the point of charge, which may be at manufacture, importation, or release for consumption; the licensing and record-keeping regime; and the treatment of exemptions and reliefs.
638 words, about 3 min