About the overall budgetary measures, the ICAB said the proposal to finance the budget deficit by borrowing from internal sources may lead to inflation in the next fiscal year.
The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.
The Centre for Policy Dialogue (CPD) yesterday proposed increasing the tax on high-income individuals to 30 percent in fiscal year (FY) 2024-25 as the move would likely reduce income inequality in Bangladesh.
The Foreign Investors' Chamber of Commerce and Industry (FICCI) today said that Bangladesh needs to increase the tax GDP ratio to 22 percent to achieve Vision 2041. FICCI presented its proposal for preparing the National Budget 2024-255 at a pre-budget meeting organised by the National Board of Revenue (NBR) today. FICCI President Zaved Akhtar led the delegation including