Pre-budget Meeting Between BUILD and NBR

BUILD Chairperson Abul Kasem Khan placed the budget proposals for FY2021-22 to the Chairman of the National Board of Revenue (NBR) Abu Hena Md. Rahmatul Muneem on 16 March 2021. In order to revive the post COVID19 economy, BUILD placed some effective recommendations in a bid to facilitating the tax revenue collection procedure of the government, focusing on widening the tax net, corporate tax reduction, minimizing the gap of supply-side and demand-side and simplifying the tax payment procedures.

During the meeting with NBR, BUILD Chairperson said that we see no other option for increasing the Tax GDP ratio; he added that the existing ratio of direct and indirect tax in Bangladesh is around 35:65, which should be reversed to uphold the interest of the consumers and the productive sectors. Priorities for this year’s budget should be to increase the tax net, reduce the tax rates, simplify tax payment procedures to encourage taxpayers.