Live Breaking News & Updates on Revenue reform commission

In the Addis Ababa Action Agenda 2015, which aims to provide a global framework for financing the Sustainable Development Goals, countries committed to enhancing revenue administration through modernised, progressive tax systems, improved tax policy, and more efficient tax collection.
It also committed to improving the fairness, transparency, efficiency and effectiveness of the tax systems, including by broadening the tax base and continuing efforts to integrate the informal sector into the formal economy in line with country circumstances.
With the tax-GDP ratio hovering around 10 per cent, Bangladesh s tax-GDP ratio is much below the average of South Asian countries (16.4 per cent). This is mainly because of the poor tax compliance rate, in both income tax and value-added tax (VAT), which contribute about 80 per cent to the revenue collection of the National Board of Revenue (NBR). ....

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