Dhaka, March 21 -- In a bid to enhance revenue collection, the International Monetary Fund (IMF) has strongly advised Bangladesh to introduce provisions mandating large companies to submit their income tax returns through online from the middle of the current fiscal year.
The IMF also recommended the cancellation of tax exemptions provided through the National Board of Revenue (NBR) once their expiration deadline approaches, with no further extensions.
Moreover, the IMF has urged the NBR to take a stringent stance in reducing tax exemptions in the upcoming budget for the fiscal year 2024-25.
The recommendations were emphasised during a recent meeting in Dhaka, where a delegation from the IMF, including Abu Hena Md. Rahmatul Muneem, Chair...