# Govt likely to announce tax rates in advance.

> The National Board of Revenue (NBR) in Bangladesh plans to introduce a prospective tax system, where tax rates will be announced before the income year begins, rather than after. This move aims to provide individuals an…

Published: 2024-06-25 · Desk: World · Source: The Daily Star

The National Board of Revenue (NBR) in Bangladesh plans to introduce a prospective tax system, where tax rates will be announced before the income year begins, rather than after. This move aims to provide individuals and companies with certainty and enable better tax planning. Prime Minister Sheikh Hasina has endorsed the proposal, which is expected to be incorporated into the next finance act. Tax experts and business leaders view this change positively, anticipating increased investor confidence and a boost in both local and foreign investment. The prospective tax system, previously implemented but discontinued, is seen as a means to foster confidence among taxpayers and investors alike.

Original reporting: https://www.thedailystar.net/business/economy/news/govt-likely-announce-tax-rates-advance-3616366?fbclid=IwZXh0bgNhZW0CMTAAAR2a6ePe8u_c6jh_fa0yKzj1FBpBfd9HEzQbuvZZ52ntp1iLIRPVNp7mnAw_aem_Ac2WmLCreYzWA6V997BnyrtsKDFJz4LLhDa_I-GcfHyaTNRc0oAz9nIAzudFwJoiQGVFlnUIkgtmvo_cuT1YOa37
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