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flag Bangladesh aims to boost tax revenue by expanding VAT and income tax bases, targeting 100,000 new business registrations by December.

flag Bangladesh’s NBR Chairman Md Abdur Rahman Khan stressed expanding the VAT and income tax base to reduce reliance on import duties, noting VAT now accounts for 38% of revenue with a 22% rise in collections from July to November. flag Only 644,000 businesses are registered, prompting a push to add 100,000 more by December. flag NBR aims to simplify compliance with a single VAT rate, improved input credit, and digital tools for small businesses, while advancing automation and risk-based audits. flag Challenges include weak corporate tax receipts and revenue leakages, but NBR says revenue growth remains above 20%. flag A nationwide campaign promotes timely registration and accurate payment ahead of VAT Day and VAT Week.

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