DHAKA, March 20 -- In a strategic push to revamp its tax policy and administration, the Bangladesh government has outlined plans for significant reforms aimed at making the system more effective and taxpayer-friendly in the medium term (2023-24 to 2025-26). According to the Medium Term Macroeconomic Policy Statement (2023-24 to 2025-26) by the Finance Division of the Ministry of Finance, these changes are integral to achieving the nation's development objectives.

The government acknowledges the urgent need to generate ample revenue to support Bangladesh's development ambitions. "Several initiatives are underway to make tax administration taxpayer-friendly and transparent by expanding the scope of digitalization and automation in tax regi...