Dhaka, April 1 -- The PricewaterhouseCoopers, Bangladesh, has identified inconsistencies in tax laws, including taxation on Alternative Investment Fund (AIF), capital gain and tax deducted at source in the distribution model.
The PwC has suggested addressing the areas bringing clarity in the legislation in the upcoming budget for fiscal year 2020-21.
It has placed the budget proposal in the National Board of Revenue on Tuesday with a number of recommendations on direct and indirect taxes.
The PwC also recommended crafting a mechanism to allow both non-resident individuals (with no work permit) and companies (with no local presence) obtaining electronic taxpayer identification number.
It has proposed to offer tax exemption on income gene...