Dhaka, July 10 -- Bangladesh continues to grapple with one of the lowest revenue-to-GDP ratios in the world, hovering around 8 percent for decades, prompting the government to adopt a series of reforms aimed at strengthening revenue mobilisation and maintaining fiscal discipline.

In response, the government has taken initiative to separate tax policy from administration to design fair, growth-friendly tax policies with greater efficiency and accountability.

In line with this move, according to the Medium Term Macroeconomic Policy Statement by the Finance Division of the Finance Ministry, required legislation is being enacted.

It said that the NBR has also adopted the Medium- and Long-Term Revenue Strategy (MLTRS) to boost revenue Mobil...