UNB, Dhaka :
Observing that the budget is achievable though ambitious, Finance Minister AMA Muhith on Monday reiterated that income tax, corporate tax and value added tax (VAT) will be a major source of revenue in the next fiscal year.
“One of the major changes of this year’s budget is income tax. Income tax will be the highest source of income in terms of revenue collection….tax is highly progressive and we’ll focus mainly on income tax and corporate tax… another important source is value added tax,” he said.
The Finance Minister was discussing with high
officials of the National Board of Revenue (NBR), including its Chairman Md Nojibur Rahman, the way of implementing the budget and meeting the revenue target at the NBR office in the city.
Muhith voiced his conviction that the NBR is very much capable of achieving the revenue target to implement the budget as its manpower along with their efficiency has been increased.
He said they will try to achieve a 30 percent revenue collection by the current year, saying: “If we can do this, it’ll be easier to achieve our target.”
Observing that the budget is achievable though ambitious, Finance Minister AMA Muhith on Monday reiterated that income tax, corporate tax and value added tax (VAT) will be a major source of revenue in the next fiscal year.
“One of the major changes of this year’s budget is income tax. Income tax will be the highest source of income in terms of revenue collection….tax is highly progressive and we’ll focus mainly on income tax and corporate tax… another important source is value added tax,” he said.
The Finance Minister was discussing with high
officials of the National Board of Revenue (NBR), including its Chairman Md Nojibur Rahman, the way of implementing the budget and meeting the revenue target at the NBR office in the city.
Muhith voiced his conviction that the NBR is very much capable of achieving the revenue target to implement the budget as its manpower along with their efficiency has been increased.
He said they will try to achieve a 30 percent revenue collection by the current year, saying: “If we can do this, it’ll be easier to achieve our target.”
