Dhaka, April 26 (V7N) — National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan has announced that the government is prioritizing a more user-friendly tax system to foster greater compliance and expand the national tax net. Speaking at a pre-budget discussion for the 2026-27 fiscal year on Saturday, the NBR chief highlighted that upcoming reforms will focus on streamlining the tax refund mechanism for excess payments and integrating bank account information directly into the e-tax return system to simplify the filing process for citizens.

The event, organized by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) at its Ruhul Quddus Auditorium, served as a platform for policymakers and professionals to shape the fiscal priorities of the next national budget. Khan, who also serves as the Secretary of the Internal Resources Division, emphasized that the government highly values professional recommendations, noting that such collaboration is essential for creating an equitable and efficient tax environment.

Key highlights from the discussion included:

Policy Reforms: Former NBR member Ranjan Kumar Bhowmik offered recommendations on tax policy reforms aimed at improving overall compliance efficiency.

VAT Modernization: NBR First Secretary Md Mashiur Rahman discussed proposed VAT reforms and exemption mechanisms designed to reduce bottlenecks.

Digital Verification: Md. Mohiman, CEO of MM & Co., detailed the benefits of the Tax Verification System (TVS) in ensuring the integrity of financial reporting.

Economic Strategy: ICMAB President Md Kausar Alam stressed the urgency of improving the country’s tax-to-GDP ratio and broadening the tax base to ensure sustainable growth and a favorable climate for foreign investment.

The discussion concluded with a consensus on the need for stability in the financial sector and a tax system that encourages domestic entrepreneurship. NBR officials assured participants that the insights gathered from the seminar would be carefully considered during the finalization of the National Budget 2026-27, with the ultimate goal of building a more inclusive and growth-oriented economy.

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