Tuesday, 28 March, 2023

NBR chairman for building capacity to face future challenges

  • Staff Correspondent
  • 16 March, 2023 12:00 AM
  • Print news

CHATTOGRAM: National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem laid emphasis on building capacity to face the future challenges in the country.

He underscored the need for extending the tax net along with modernise industrialisation.

The chairman stated these while addressing as the chief guest at a pre-budget view exchange meeting with Chattogram Chamber of Commerce and Industry (CCCI) and other businessmen at Bangabandhu Conference Hall of World Trade Centre (WTC) in the port city on Wednesday.

Regarding the proposals from the businessmen, the NBR chairman said

all the proposals cannot be implemented considering the current situation, but the issues will be considered to create business friendly environment in the future.

The NBR is working with the limited manpower to increase the scope of taxes, duties and VAT and increase revenue for the government to keep continuation of the increasing GDP growth, he said. 

Besides, various projects have been taken for modernisation and developing eye-catching Customs House Building, Tax Building and Tax Academy in Chattogram, he said adding that step will also be taken for developing VAT building in the future.

Addressing the meeting, CCCI President Mahbubul Alam stressed on designing the national budget considering the goal of building a smart Bangladesh and especially emphasising on reducing all the current challenges.

He also urged to take short-term and long-term plans to build a self-reliant revenue system for materialising the vision 2041.

Policies regarding VAT, duties and taxes should be formed keeping the matter of benefits of those who provide the revenue, said the chamber president. He suggested for introducing integrated tax system, adjustment of advance tax or advance VAT, prompt refund and removal of different complexities regarding the HS codes. Mahbubul also recommended for diversifying and expansion of export sector through long-term plans.

NBR Members Md Masud Sadiq, Dr Samsuddin Ahmed and Zakia Sultana, CCCI President Syed Mohammad Tanvir, Directors AKM Akhtar Hossain, Anjan Shekhar Das and Md Rakibur Rahman (Tutul), CCCI former President Engineer Ali Ahmed, BGMEA First Syed Nazrul Islam, Metropolitan Chamber Director Abul Bashar Chowdhury, CCCI former Director Mahfuzul Haque Shah, Women Chamber Senior Vice President Abida Mostafa, Cox's Bazar Chamber President Md Abu Morshed Chowdhury, Rangamati Chamber President Md Abdul Wadud, REHAB Chattogram Chairman Md Abdul Kauiam Chowdhury and C&F Agents Association General Secretary Kazi Mahmud Imam Bilu addressed the meeting among others.