Dhaka, April 29 -- The draft of the Revenue Policy and Revenue Management Ordinance has failed to meet the expectations of the customs cadre. If implemented without the necessary amendments, it could hinder the primary objectives of the National Board of Revenue (NBR) reform and pose a significant obstacle to increasing the country's tax-to-GDP ratio.

The ordinance, aimed at streamlining the revenue management system, ensuring compliance, and promoting sustainability through independent operations, proposes the dissolution of the NBR and the establishment of two new entities: the Revenue Policy Division and the Revenue Management Division.

However, concerns have surfaced that the draft may deviate from its original intent, potentially u...