Dhaka, May 4 -- National Board of Revenue (NBR) Chairman Abdur Rahman Khan has said the tax rate will not be reduced, despite businessmen's proposals for the new fiscal year being "fair and reasonable".
However, he promised to "simplify" the laws creating obstacles for business or increasing business costs.
At a seminar on Sunday, the chairman said: "Most of the recommendations and demands we are receiving are about reducing taxes. In almost every case, these demands and recommendations are fair and reasonable.
"As the chairman of the NBR, it is difficult for me to find a balance between losing revenue and supporting business and commerce."
He said, "In this year's budget, we are trying to simplify the policy processes to make it conv...
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.