Dhaka, March 3 -- An International Monetary Fund (IMF) mission begins reappraisal of Bangladesh's tax-expenditure status on direct taxes, tax incentives to businesses and compliance issues through consultation with the revenue authority.

In a series of meetings scheduled for March 4-15, geared towards necessary reforms, the National Board of Revenue (NBR) would present before the lender's tax-policy mission a list of short- and medium-term priorities to increase direct tax receipts, sources said.

According to an agendum of the NBR, both the entities would discuss what aspects of the income tax are working well, what the challenges behind revenue mobilization are, and how income tax is viewed in relation to business competitiveness.

Mis...