Policy panel worried as export earnings, tax collection dips
Dhaka, Bangladesh, Nov. 26 -- Falling trend in export earnings and revenue collection have worried top policymakers as a coordination council sat on Monday to take stock of the situation.
The meeting weighed options, including widening the area of value added tax, VAT, net to help offset the revenue deficit, according to sources.
It also discussed the possibility of trimming the existing tax exemption facilities offered to different sectors, they added.
The committee on "fiscal, monetary and exchange rate" met at the secretariat to review the country's overall macroeconomic situation, where finance minister A H M Mustafa Kamal was in the chair.
Meanwhile, the tax authority faces a revenue shortfall of more than BDT 149 billion during ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.