The International Monetary Fund has suggested the National Board of Revenue (NBR) restructure the personal income tax slabs and increase the tax-free income limit to Tk 5 lakh from the existing Tk 3.5 lakh
The International Monetary Fund has suggested the National Board of Revenue (NBR) restructure the personal income tax slabs and increase the tax-free income limit to Tk 5 lakh from the existing Tk 3.5 lakh.
The advice comes as Bangladesh’s tax-to-GDP ratio continues to be one of the lowest in the world despite rising per capita income.
The lender recommended the government initiate measures that yield an additional tax receipts worth 0.5 percent of the GDP in the current fiscal year ending on June 30.
The team, comprising David Baar, Arbind Modi, and David Wentworth, made the observations during a presentation to the NBR chairman and income tax officials at the revenue authority’s headquarters in Dhaka yesterday.
The advice comes as Bangladesh’s tax-to-GDP ratio continues to be one of the lowest in the world despite rising per capita income.
The lender recommended the government initiate measures that yield an additional tax receipts worth 0.5 percent of the GDP in the current fiscal year ending on June 30.
The team, comprising David Baar, Arbind Modi, and David Wentworth, made the observations during a presentation to the NBR chairman and income tax officials at the revenue authority’s headquarters in Dhaka yesterday.
The advice comes as Bangladesh’s tax-to-GDP ratio continues to be one of the lowest in the world despite rising per capita income.
The lender recommended the government initiate measures that yield an additional tax receipts worth 0.5 percent of the GDP in the current fiscal year ending on June 30.
The team, comprising David Baar, Arbind Modi, and David Wentworth, made the observations during a presentation to the NBR chairman and income tax officials at the revenue authority’s headquarters in Dhaka yesterday.
