Bangladesh, March 18 -- The government has offered around Tk 1.47 trillion in the form of tax exemptions at import stage to the various sectors since fiscal year (FY) 2014-15 until January last.
The amount of tax waived is nearly half the current fiscal's total tax-revenue collection target of Tk 2.96 trillion.
This has caused a Tk 441.17 billion of revenue loss to the public exchequer during the fiscal year (FY) 2017-18.
In an analysis of the data collected from various government sources, the FE has found the volume of taxes in the form of exemptions has been increasing every year since FY 15.
In FY 2014-15, the National Board of Revenue (NBR) granted tax exemptions to the tune of Tk 210.70 billion on the import stage, which doubled i...