Executive Director of Policy Research Institute, or PRI, Mansur said Bangladesh would never be able to get out of the revenue trap “unless we reform NBR itself”. It has no expertise on formulation of taxes,” he said, “as a result, administrative convenience is dictating the formulation of tax policy." “We always see tax policy is being used as an instrument for the tax administration’s convenience. And the tax policy is being compromised because our tax policy is being formulated by the NBR,” he said. So separate tax policy formulation body and tax administration are the standard operating procedure (SOP) globally and Bangladesh should do it."
Source: bd News24 June 17, 2019 19:07 UTC