Dhaka, March 25 -- The Economic Reporters' Forum (ERF) on Sunday recommended raising the tax exemption threshold for individual taxpayers from Tk 350,000 to Tk 400,000 to ease financial pressure amid rising inflation.
During a pre-budget meeting at the Revenue Building, ERF President Doulot Akter Mala presented the proposal to National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan.
As part of its budget recommendations, the ERF suggested reducing the tax burden on middle- and low-income groups by introducing a refund system via mobile financial services (MFS) for overpaid taxes.
Additionally, it proposed that banks reimburse deducted interest for individuals without taxable income.
The forum also recommended capping the tax rate ...