Bangladesh Government introduces policy to boost non-tax revenue
BY Insider Desk
October 07, 2024

Bangladesh’s interim government has issued a new policy aimed at increasing non-tax revenue collection as the country continues to struggle with poor revenue mobilization.
A circular from the finance ministry requires non-NBR tax collection agencies to submit annual reports on the rates or fees they charge. The Finance Division will review these reports each October for potential adjustments.
Non-tax receipts include fees for land, vehicles, stamp duty, and surcharges. The move comes as Bangladesh’s tax-to-GDP ratio remains one of the lowest globally.
In fiscal 2023-24, non-tax revenue rose slightly to Tk 47,121 crore, but overall revenue fell short of the Tk 5 lakh crore target. The ministry plans to update rates every three years or as needed, considering inflation and living costs.
Tags:
Most Read

Electronic Health Records: Journey towards health 2.0

Making an investment-friendly Bangladesh

Bangladesh facing a strategic test

Understanding the model for success for economic zones

Bangladesh’s case for metallurgical expansion

How a quiet sector moves nations

A raw material heaven missing the export train

Automation can transform Bangladesh’s health sector

A call for a new age of AI and computing
You May Also Like