Dhaka, April 16 -- Government's revenue authority ponders introducing property tax -- on a limited scale to start with -- in the upcoming fiscal year to hook wealthy individuals onto wider-cast tax net.

The planned property-taxation system is likely to replace the existing wealth surcharge, which has proven ineffective in capturing taxes on inherited and underreported assets.

A senior official of the National Board of Revenue (NBR) says the proposal is currently under active review by a dedicated committee.

The panel is preparing three possible models to be submitted to high-level government policymakers by April 22, 2026.

"Initially, the tax may not apply to a taxpayer's primary residence. It could also exempt a second property if it...