- NBR missed VAT collection target in FY23 by 188,081 crore despite exemptions
- Bangladesh’s tax-to-GDP ratio decreased from 7.4% in FY24 to 6.6% in FY25
- 72% of surveyed businessmen report widespread corruption among tax officials
- 82% of businesses find current tax rates unfair
- CPD study suggests aiming for a tax-to-GDP ratio of at least 15%
- Pakistan’s tax-to-GDP ratio is over 12%, highlighting Bangladesh’s lower rate
- Survey conducted among 123 companies in Dhaka and Chittagong
- Lack of accountability from tax officials cited by nearly four out of five businessmen
- CPD faced challenges and harassment in obtaining data from NBR
- High-income countries have an average tax-to-GDP ratio above 15%
Source: dhakatribune.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.
Latest Posts in "Bangladesh"
- VAT Waiver on Vessel Imports: Opportunity for Growth with Rigorous Compliance Conditions
- Bangladesh Exempts VAT on Large Vessel Imports to Boost Trade and Employment Opportunities
- Government Grants VAT Exemption on Import of Large Sea-Going Vessels
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
