‘Reducing tax rate to zero in all sectors not possible’

Economic Correspondent: “It is not possible to bring down the tax rate to zero in all sectors but the demands which have been placed can be taken into consideration,” said Mosharraf Hossain Bhuiyan, chairman of National Board of Revenue (NBR).

The NBR chairman made the comment while addressing a pre-budget discussion with the leaders of different organizations at NBR head office in the capital on Sunday.

Mosharraf Hossain said, “Reducing tax rate to zero in all sectors is not possible. But the demands you have placed can be taken into consideration. The rate of corporate tax is higher in our country which is being criticized a lot. For this, we are considering bringing down the corporate tax this time. But it will be difficult to reduce the corporate tax if we give additional facility in particular sectors. We are working to find out a way in this regard.”

Regarding the demand of tax facility for the associations based on agriculture, he said, “We would like to give priority on the agro based sectors as employment is a major issue in our country.”


risingbd/Dhaka/April 22, 2018/MA Rahman/AI