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Bangladesh aims to boost tax revenue by expanding VAT and income tax bases, targeting 100,000 new business registrations by December.
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.
Only 644,000 businesses are registered, prompting a push to add 100,000 more by December.
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.
Challenges include weak corporate tax receipts and revenue leakages, but NBR says revenue growth remains above 20%.
A nationwide campaign promotes timely registration and accurate payment ahead of VAT Day and VAT Week.
Bangladesh tiene como objetivo aumentar los ingresos fiscales mediante la expansión de las bases del IVA y del impuesto sobre la renta, con el objetivo de registrar 100.000 nuevos negocios para diciembre.