- NBR chairman in Bangladesh wants to raise tax-to-GDP ratio for sound macroeconomic situation
- Bangladesh’s tax-to-GDP ratio is 7.3%, lower than neighbouring countries
- NBR to form task-forces to amend laws on customs, income tax, and value-added tax
- Revenue collection target for NBR was high in budget, not done professionally
- Government has been formulating deficit budget for a long time
- 67% of revenue in Bangladesh comes from indirect tax, direct tax collection needs to be raised
- Only 5.2% of total population in Bangladesh is under tax net, compared to 23.08% in India
Source: fibre2fashion.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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