Dhaka, March 16 -- Aiming to significantly boost revenue collection from domestic sources, the National Board of Revenue (NBR) is adopting a three-pronged approach.

These are digital transformation, expansion of tax net, and enhancing administrative capacity.

The core idea is to make tax payments easy and transparent to improve taxpayer services which in turn will help NBR to collect more revenue, according to an official document, according to a UNB report.

According to the Medium Term Macroeconomic Policy Statement (2023-24 to 2025-26) of the Finance Division of Finance Ministry, the government has taken some Major reform measures to materialise the move.

The VAT & Supplementary Duty Act 2012 has been implemented in July 2019. With ...