Dhaka, May 13 -- The government on Tuesday said the dissolution of the National Board of Revenue (NBR) aims to separate tax policy-making from tax administration to improve efficiency, reduce conflicts of interest, and broaden the country's tax base.

Chief Adviser's press wing shared a statement with the media explaining why Bangladesh is splitting the National Board of Revenue.

The statement is given below.

"Established over fifty years ago, the NBR has consistently failed to meet its revenue targets. Bangladesh's tax-to-GDP ratio is approximately 7.4%, one of the lowest in Asia. For context, the global average is 16.6%, while Malaysia's stands at 11.6%. To achieve the development aspirations of its people, Bangladesh must raise its t...