- The National Board of Revenue (NBR) is fully automating VAT and income tax refunds to make the process faster, more transparent, and less burdensome.
- Automation aims to reduce direct interaction between taxpayers and officials, minimize complaints, and enable real-time tracking of refunds.
- The government is working to rationalize tariffs ahead of Bangladesh’s graduation from least developed country (LDC) status, with some duties reduced to protect public interest.
- Rising prices of fruit and import-dependent goods are mainly due to the depreciation of the taka, not increased taxes or duties.
- The NBR may extend the January 31 deadline for individual income tax returns and is considering restructuring into two separate divisions.
Source: thedailystar.net
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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