Economic Reporter :
Finance Minister AHM Mustafa Kamal Wednesday reiterated that tax would be realized but it will not hurt the taxpayers while the exiting tax net would be further widened.
“My policy is to collect tax by not hurting the taxpayers or increasing the tax burden. We’ll reach out to those who are not paying taxes and thus collect tax.”he said.
The Finance Minister was addressing a meeting and Iftar mahfil organized in honour of the members of the Economic Reporters’ Forum (ERF) held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.
PM’s Private Industry and Investment Affairs’ Adviser Salman F Rahman was also present.
ERF President Saif Islam Dilal and General Secretary SM Rashidul Islam spoke, among others.
Kamal noted that the tax-GDP ratio is still low in Bangladesh with around 10 percent compared to other neighboring countries which is 18-19 percent, Kamal said that the country could increase its tax-GDP ratio much more if it could raise its revenue generation to a great extent.
He said it’s unfortunate for the country that those who are paying taxes over the years are paying taxes, but there are also many people who are not paying taxes despite having capacity.
The philosophical perspective of the government this time is not to burden over the existing taxpayers, rather to widen the tax net.
Finance Minister AHM Mustafa Kamal Wednesday reiterated that tax would be realized but it will not hurt the taxpayers while the exiting tax net would be further widened.
“My policy is to collect tax by not hurting the taxpayers or increasing the tax burden. We’ll reach out to those who are not paying taxes and thus collect tax.”he said.
The Finance Minister was addressing a meeting and Iftar mahfil organized in honour of the members of the Economic Reporters’ Forum (ERF) held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.
PM’s Private Industry and Investment Affairs’ Adviser Salman F Rahman was also present.
ERF President Saif Islam Dilal and General Secretary SM Rashidul Islam spoke, among others.
Kamal noted that the tax-GDP ratio is still low in Bangladesh with around 10 percent compared to other neighboring countries which is 18-19 percent, Kamal said that the country could increase its tax-GDP ratio much more if it could raise its revenue generation to a great extent.
He said it’s unfortunate for the country that those who are paying taxes over the years are paying taxes, but there are also many people who are not paying taxes despite having capacity.
The philosophical perspective of the government this time is not to burden over the existing taxpayers, rather to widen the tax net.
