Bangladesh’s President Shahabuddin has promulgated an ordinance dissolving the National Board of Revenue (NBR) yesterday, 12 May, replacing it with two new entities under the Ministry of Finance: Revenue Policy Division and the Revenue Management Division.
Under the new structure, the Revenue Policy Division will be responsible for tax law design, rate setting, international treaty oversight, and monitoring tax collection.
The Revenue Management Division will handle compliance, enforcement, audits, and collection of income tax, VAT, and customs duties.
The ordinance aims to increase transparency, accountability, and dynamism of revenue collection activities.