NBR-tax-recovery

Business owners are not responding as hoped to the initiative of Finance Minister Amir Khosru Mahmud Chowdhury to collect outstanding revenue. Although concessions for paying outstanding taxes, meetings with business owners, and initiatives to settle cases through the Alternative Dispute Resolution (ADR) system have been undertaken, not much progress has been made so far. Those concerned attribute this to officials’ reluctance to give concessions, legal complications, long delays in t...

Revenue arrears reached nearly Tk 83,000 crore, causing significant concern for the government. There is no way to take immediate action because the matter has moved to the courts, and there are no signs of a resolution. To overcome this problem, an alternative path has been chosen: taking initiatives to settle cases out of court. Finance Minister Amir Khosru Mahmud Chowdhury is set to begin meetings as early as next week. Owners of business entities with outstanding arrears will be su...