Dhaka, March 27 -- The National Board of Revenue (NBR) is preparing a new Tax Exemption Policy with the aim of making it harder for any individual to avail it.

The decision to allow tax exemptions is being taken away from the NBR. It will now rest solely with Parliament to grant exemptions, said NBR chairman Md Abdur Rahman Khan, UNB reports.

"This is now at the final stage, it is stated that the government and the NBR will not give any tax exemption, only Parliament will give that. We are making it more harsh," he said while speaking at the pre-budget meeting with the Retired Tax Officers' Welfare Association at the Revenue Building.

He also made it clear that no individual, except in the interest of the republic, will be considered f...