According to Chairman Abdur Rahman Khan, the National Board of Revenue (NBR) intends to introduce an automated system for evaluating taxpayers’ files to do away with human interaction and lessen harassment during tax audits. He also said taskforces will be formed with private sector participation to review and update income tax, customs, and VAT laws.
He made the remarks while addressing a meeting with FBCCI leaders as the apex body leaders visited him.
The chairman of NBR added that orders have been taken to start the automation process as soon as possible. This program is a component of a larger endeavour to update the revenue management system progressively.
He said NBR would also enhance the ADR framework to settle disputes more effectively.
Khan reassured the NBR that it would not tolerate any kind of harassment by its employees and advised companies to conduct themselves honestly and morally. Along with other important participants, FBCCI President Mahbubul Alam stressed the importance of expediting the National Single Window’s implementation and enhancing the automation of income tax, VAT, and customs processes. Alam emphasised how crucial it is to streamline the customs assessment procedure to promote an atmosphere that is more conducive to business.
In addition, he put out plans to strengthen the NBR-FBCCI connection, reform revenue administration, broaden the tax base, and upgrade the Alternative Dispute Resolution (ADR) system. The FBCCI leaders pushed for the creation of three taskforces to update obsolete tax legislation and proposed a hotline for companies to report harassment from tax authorities.
The delegation also included FBCCI Vice President Md Munir Hossain, Director Mohammad Faizur Rahman Bhuiyan, MA Razzak Khan, Tapan Kumar Majumder, Abu Murshed Chowdhury, Abul Kasem Khan, Preeti Chakraborty, Md Amir Hossain Noorani, Bangladesh. Md. Helal Uddin, President of the Shop Owners Association among others.