Dhaka, March 4 -- The Metropolitan Chamber of Commerce and Indusry (MCCI) on Tuesday urged the National Board of Revenue (NBR) to consider abolishing the cash transaction condition in the company tax rate.

The appeal came during a pre-budget meeting MCCI leaders held with the NBR at NBR Confrence room, according to a media release.

They said that there is an opportunity to reduce tax evasion and increase revenue by improving tax administration and introducing automated digitalisation.

In the proposal they said that although the corporate tax rate has been reduced conditionally in the past fiscal years, no one was able to enjoy this benefit due to the cash transaction conditions as per the Finance Act, 2024.

MCCI president Kamran T Rah...