Dhaka, March 12 -- National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan said the government will gradually reduce tax exemptions and may eventually abolish the system on Tuesday.

"We do not want to incur further tax expenditures. It is time to move away from the culture of tax exemptions," he said while speaking at a pre-budget meeting at the NBR conference room, reports UNB. Representatives from the Institute of Cost and Management Accountants of Bangladesh (ICMAB), Institute of Chartered Accountants of Bangladesh (ICAB), Institute of Chartered Secretaries of Bangladesh (ICSB), Bangladesh Tax Lawyers' Association (BTLA), Bangladesh VAT Professional Forum, and the Retired Tax Officers Welfare Association attended the meeting.

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