BSS-18 Kamal for boosting revenue collection

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BSS-18

KAMAL-REVENUE COLLECTION

Kamal for boosting revenue collection

DHAKA, Feb 10, 2019 (BSS) – Finance Minister AHM Mustafa Kamal today
reiterated that the main goal of the present government is to boost the
revenue collection and thus increase the tax-GDP ratio without harming the
valued taxpayers.

“We’ll boost our revenue collection without hurting or harming the
taxpayers. At the same time, we don’t expect that the taxpayers won’t pay
taxes as per their capacity,” he said.

The Finance Minister was talking to reporters after attending a meeting
with the high officials of the Finance Division and the members and
commissioners of the VAT and customs at the NEC conference room in city’s
Sher-e-Bangla Nagar area.

After assumption of his office as the new Finance Minister, Kamal said
he had been sitting with the concerned stakeholders like the businessmen and
the concerned officials on how to address the problems and thus overcome
those to boost the overall revenue generation.

“Our main goal is to raise the revenue collection. We’re still lagging
behind in the tax-GDP ratio and we have to have a prosperous growth in the
tax-GDP ratio through addressing the barriers. We’re taking all measures to
attain that target,” he added.

Kamal said there is a need for necessary manpower and necessary
automation to attain that goal while the government will construct the
necessary infrastructure to expand the operations of the NBR up to upazila
level through setting up tax offices.

He said that the revenue administration has already identified those
sources and sectors from where the government has not been getting taxes at a
desired level side by side where lies the distortions and inconsistencies.

The Finance Minister said that the Income Tax, VAT and Customs
departments would work in a more firm way to run the tax administration and
management and thus attain the desired goal.

He also informed that the government would go for large-scale scanning
in case of exports and imports of all kinds of goods and machineries like raw
materials, capital machineries, spare parts and intermediaries.

NBR Chairman Mosharraf Hossain Bhuiyan, Finance Secretary Abdur Rouf
Talukder, among others, attended the meeting.

BSS/ASG/GM/ARS/1706 hrs