Impact of Electronic Tax Returns on Bangladesh's Annual Revenue: Bangladesh can raise an additional $32.6 billion in revenues annually within the next four years if the electronic filing of tax returns can be ensured, said the Centre for Policy Dialogue (CPD) yesterday.
The National Board of Revenue (NBR) will soon conduct a special drive against home owners who did not submit tax returns despite residing in municipal areas, said NBR Chairman Abu Hena Rahmatul Muneem yesterday.
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.
National Board of Revenue (NBR) Chairman Abu Hena Rahmatul Muneem yesterday said they provide duty benefits to industries after careful consideration as a section of dishonest businesses abuse such privileges, causing tax losses for the state.
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