DHAKA, Sept 14, 2024 (BSS) - National Board of Revenue (NBR) Chairman Md Abdur 
Rahman Khan today emphasized on ensuring 'value for money' of the taxes being 
paid by the country's esteemed taxpayers alongside rendering due services to 
them in a prompt manner.

"The taxpayers want to become assured that their 'value for money' is ensured 
and there is no wastage of funds. Many say that we're not being able to do 
that properly as there are wastages and improper utilization to some 
extent...The taxpayers often become irritated. We'll keep vigil so that they 
get their desired services in time," he said.

The NBR chairman was addressing a discussion on the changes brought in direct 
taxation through the Finance Act, 2024 at the Multipurpose Hall of the 
National Board of Revenue (NBR) in the capital's Agargaon area today.

Adviser to the interim government on the Ministries of Finance and Commerce 
Dr Salehuddin Ahmed spoke on the occasion as the chief guest.

President of Bangladesh Civil Service (Taxation) Association M Lutful Azim 
presided over the discussion while its Secretary General Sheikh Shamim Bulbul 
delivered the welcome address.

NBR's Tax Policy member AKM Badiul Alam and Tax Admin and Human Resource 
Management member GM Abul Kalam Kaikobad also spoke.
 
Referring to the criticism of many over the country's tax regime over the 
last five years, Khan said many alleged that during that period, the NBR could 
not collect enough revenues. As a result, the government debts are being 
increased thus creating a burden on the next generation, he opined.
 
He said the country's people wanted to know whether the revenues being 
deposited in the national exchequer are used properly. "I think we're seeing 
the change of that trend... So, we'll remain more cautious regarding our 
expenditures," he said.
 
Khan, also the secretary of the internal resources division, put emphasis on 
paying all concentration by the revenue officials to their respective works. 
"We've to attain functional competence as this is very important," he 
continued.
 
The NBR chairman asked its officials to facilitate the private entrepreneurs. 
"You've to look after these taxpayers so that they can grow," he added. 

He also put emphasis on not putting pressure on the taxpayers during revenue 
collection. "Rather, we'll comply with our laws, rules and regulations 
properly," he said. 

The NBR chairman mentioned that there will be a need for major reforms in the 
tax collection related laws. He said these reforms would be done in two 
fronts.

He said one is to contain the huge tax expenditures while the other one is 
that to cover such tax expenditure, the revenue board usually puts extra 
burden on the taxpayers and that should be addressed.

"If we go for the second one, then we'll lose a huge amount of revenue," he 
said. 

Md Abdur Rahman Khan also opted for stopping the unnecessary tax cut to 
overcome that revenue loss. 

In new Bangladesh, which has been awarded by the students and mass people 
through the recent student-led mass uprising and revolution, gave all a rare 
chance to write the "New History of Bangladesh", he said.
 
"So, we've to forget completely what we've done in the past, we'll properly 
do what we need to do," the NBR chairman added.