Abu Hena Md. Rahmatul Muneem, the Chairman of Bangladesh’s National Board of Revenue (NBR), has maintained the bond facility in the country will go fully automated by 2023.
Media reports maintained this adding the NBR Chairman said this would check the abuse of the bond facility even as he, reportedly, maintained despite various initiatives from NBR’s side in the last few years, it was difficult to monitor manually the large number of companies having bond facilities.
The NBR Chairman came up with the observations at a pre-budget discussion with the members of the Economic Reporters Forum in capital Dhaka recently even as he, reportedly, further added the NBR has been coming under pressure from many of the Government-owned organisations seeking waiver of taxes.
He also maintained the NBR had to face criticism from these entities when they fail to get the exemption in this direction.
