Dhaka, March 11 -- The Chairman of the National Board of Revenue (NBR), Md Abdur Rahman Khan, announced on Tuesday that the government plans to gradually reduce and potentially abolish tax exemptions in the future. Speaking at a pre-budget meeting at the NBR conference room, Khan emphasized the need for a shift away from the culture of tax exemptions, citing concerns over the increasing tax expenditures.

"We do not want to incur further tax expenditures. It is time to move away from the culture of tax exemptions," Khan remarked during his address. His statement was made in the presence of representatives from various professional bodies, including the Institute of Cost and Management Accountants of Bangladesh (ICMAB), Institute of Charte...