12:00 AM, January 31, 2014 / LAST MODIFIED: 01:53 AM, March 08, 2015

NBR seeks tax proposals for budget preparation

NBR seeks tax proposals for budget preparation

Star Business Report

The National Board of Revenue has sought tax-related proposals from its field offices by Feb 28 as the revenue administrator is taking preparations for the next fiscal year's budget, an official said yesterday.
"The suggestions will help us in recommending changes to laws, rules and orders," the official said.
Opinions were also sought from chambers and trade bodies to make tax measures more business-friendly, the official added.

Meanwhile, the Federation of Bangladesh Chambers of Commerce has also issued a notice to all its members to send their proposals for the upcoming national budget.
The FBCCI members were requested to provide the proposals by February 20, so that the trade body can prepare and hand a comprehensive proposal to the government on behalf of the private sector.
With a tax collection target of Tk 136,090 crore, the national budget for the current fiscal year was set at Tk 222,491 crore.
The NBR collected Tk 50,338 crore in taxes in the first half of the current fiscal year, up from Tk 44,864 crore in the same period last year.


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