Bangladesh National Board of Revenue (NBR) will follow reform policies adopted by the Central Board of Revenue (CBR) to increase revenue collection in its country.
This was stated by Mohammad Abdul Karim, Secretary, International Resources Division (IRD) and Chairman, Board of Revenue, Ministry of Finance, Bangladesh, who was leading a four-member delegation, during a visit to Large Taxpayers Unit (LTU), Karachi, on Friday.
The NBR Chairman said the reform policies of the Pakistan government were the role model for other countries, and added Bangladesh would adopt the same reform policies to increase its revenue collection. Bangladesh would also increase the tax-to-GDP ratio by applying such innovative ideas of the CBR, he said.
The induction of paperless environment in the CBR was also a great achievement, he said, adding these kind of steps would boost the confidence of taxpayers.
The development of automation in the NBR was in progress and in this regard Bangladesh would seek Pakistan's assistance, he said. Karim said the introduction of Universal Self-Assistance Scheme (USAS) by the CBR had significantly improved the revenue collection and Bangladesh would benefit from this unique idea.
On the occasion, Syed Aqeel Zafarul Hasan, Director General of LTU Karachi said that such visits would mutually benefit the tax authorities of both the countries in improving their tax administrations.
Earlier, Muhammad Saeed Khan, Commissioner (Audit) gave a detailed presentation about the tax administration reforms project and the functioning of LTU Karachi.
The LTU officials, including Iqbal Ahmed, Commissioner (E&C) Income Tax, Irfan Nadeem, Commissioner (Legal) Income Tax, Shahzada Tahir Zaman, Collector (Audit) Sales Tax, Iftikhar Qutub, Collector (E&C) Sales Tax and Muhammad Muzaffar Khan Lashari, Additional Commissioner were also present.
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