Next budget to see cuts in tax waiver: NBR Chairman

Next budget to see cuts in tax waiver: NBR Chairman

NBR chairman Md Abdur Rahman Khan on Wednesday announced that next national budget may witness a significant cut in tax exemption system.
“This time (in budget for 2025-26 fiscal) you will see some big examples. Already we have withdrawn some significant number of tax exemptions, you will see the rest in the next budget ,” he said.
The National Board of Revenue chairman was speaking at a pre-budget meeting with BEZA, BIDA, ΒΕΡΖΑ, Business Initiative Leading Development (BUILD), Bangladesh Hi-Tech Park Authority, Bangladesh India Chambers of Commerce, Women Entrepreneurs Network for Development Association (WEND) and American Chamber of Commerce in Bangladesh (AmCham) held at NGR Conference Room.
He said that the individuals and business entities which are paying reduced rate of taxes will have to pay little bit more from the next budget.
“We can provide support for a limited time, this can not be done for the whole life, one should pay taxes at the regular rate,” he said.