Objectives:
The purpose of the assignment was to assist the Government of Bangladesh through the NBR to finalize a Modernization Plan for the National Board of Revenue (NBR). The outline of the Modernization Plan which was passed by the Parliament in June 2011 included comprehensive reform of its Tax Policy, Tax Administration as well as to introduce comprehensive automation of processes. The goal was to have a business-friendly tax system in accordance with international best practices.
Services:
- Supported consultation of the draft Modernization Plan with NBR senior management as well as officials;
- Supported amendments of the Draft VAT law and rules or changes to the existing VAT law and rules including Bangla translation of the amendments proposed;
- Supported reform of the Income Tax law as well as related rules including the design as well as the drafting of the law or alternatively provide amendments to the existing law and rules including Bangla translation of the amendments proposed;
- Provided support to NBR on consultations with the private sector, NBR rank and file officials and, key stakeholders on changes to the Income Tax law and Tax Administration.
Timeframe: January 2012 - October 2012
Realated Countries: Bangladesh
Client(s): IFC
Categories: Legal and Regulatory/ Business Plan Development, Tax and Revenue and Customs Administration, Technical Assistant
