Bangladesh, March 24 -- The World Bank has suggested that the revenue board move away from the conventional way of reconciling taxpayers' audit and adopt investigative and analytical approach to get better results.
The National Board of Revenue (NBR) should focus on capacity building of the income tax and VAT officials to conduct taxpayers' audit successfully, the Bank said in recent a note.
The multilateral lender also suggested the taxmen avoid multiple audits for taxpayers, which may place burden on compliant taxpayers while escalating administrative costs.
The WB note titled 'Taxpayers audit function assessment report' under its domestic resource mobilisation technical assistance programme, has been prepared after consultation with t...