Dhaka, June 15 -- The National Board of Revenue (NBR) is contemplating whether to introduce an automatic system for refunding excess taxes realised from taxpayers.

"We are thinking to send back the refund money directly to the taxpayer's bank account," a senior NBR official said, UNB reports.

But he said that for this system, everything needs to come under the automated system.

The tax refund system in Bangladesh is governed by the National Board of Revenue (NBR) under the Income Tax Ordinance, 1984.

A tax refund arises when a taxpayer has paid more tax than their actual liability for a given fiscal year. Overpayments may occur due to excess tax deduction at source (TDS), advance tax payments, or miscalculation during tax assessments....