When Finance Minister AHM Mustafa Kamal unveiled his plans for the next fiscal year, many had expectations that the minister would offer some relief to individual taxpayers and enable them to have higher disposable incomes to tide over the pandemic days. The cost of living has gone up due to the rising price of food and other expenses amid the ongoing coronavirus crisis while
Automation could have boosted tax receipts: NBR Star Business Report Star Business Report
Automating the tax administration could have accelerated revenue collection while enabling work from home amidst the pandemic, averting many losses, including of opportunities, admitted a top official of the National Board of Revenue (NBR) yesterday.
At least eight NBR officials and staff, including a commissioner, have so far succumbed to Covid-19 while discharging duties and many taxpayers have suffered too, informed NBR Member (Tax Policy) Alamgir Hossain.
The NBR needs to have an IT-based organisational infrastructure, he told a virtual members conference titled Policy Paper on Direct and Indirect Tax organised by the Institute of Chartered Accountants of Bangladesh (ICAB).