NBR to announce tax rates one year ahead, to help businesses: Chairman

National Board of Revenue (NBR) Chairman Abdur Rahman Khan has said that the revenue board will announce tax plans a year in advance so that businesses can plan their business for next year.

The NBR will not issue unnecessary SROs which affect tax rates in the middle of the year, he said.

The NBR chairman was speaking as chief guest at a seminar on domestic revenue mobilisation held at ERF Auditorium in Dhaka on Saturday.

The programme was jointly organised by the Economic Reporters' Forum (ERF) and Research and Policy Integration for Development (RAPID) in cooperation with UK International Development.

The NBR chairman said the revenue board will not try to revoke the system of whitening undisclosed money in the upcoming budget.

He also that the unplanned government borrowing has increased pressure on revenue collecting and sets limitations on government spending for health, education and other welfare sectors.

Despite aggressive tax policy, Bangladesh has the lowest tax-GDP ratio in South Asia, he pointed out.