The National Board of Revenue (NBR) has requested the Finance Minister for higher budgetary allocation so that it can enhance its capacity through new recruitment and completing the digitization process, since the government aims to achieve a higher tax-to-GDP ratio.
Led by its Chairman Abu Hena Md Rahmatul Muneem, NBR officials met with Finance Minister Abul Hassan Mahmood Ali at the Secretariat on Sunday.
On January 26, the NBR chairman raised the issue on Sunday on the occasion of Customs Day, saying that investment for the revenue that NBR collected was very low.
Addressing the finance secretary present at the event, he added: "Budgetary support needs to be increased to enhance the capacity of the NBR."
According to the revenue board, the cost for NBR to mobilize Tk100 as revenue is about Tk0.31, which is one of the lowest in the world.