Bangladesh lost over Tk 226,000cr for tax evasion in 2023

Private research organization Center for Policy Dialogue (CPD) said that the tax evasion rates in the country have increased due to high tax rates, weak enforcement, complex legal frameworks, and widespread corruption within the tax system.

In a press briefing, the CPD unveiled the findings at its office in the capital on Monday (April 21).

According to recent research of the CPD, Bangladesh lost a staggering Tk 226,236 crore in revenue in 2023 due to tax evasion.

Of them around 50 percent was lost due to corporate tax evasion. The estimated corporate tax evasion in FY23 would amount to roughly Tk 113,118 crore, the study said.