Dhaka, June 13 -- Individual taxpayers will receive refund of the amount paid in excess of due taxes within 60 days of the processing of their tax returns.

The refund will be made under a landmark provision proposed in the Finance Bill 2026 accompanying the new budget.

The refunded amount will be transferred directly into taxpayers' bank accounts electronically, marking a significant shift towards a more taxpayer-friendly and transparent tax-administration system.

Tax experts have described the move as a paradigm shift that could help ensure tax justice and strengthen public confidence in the country's revenue-collection framework.

The new provision, introduced for the first time, will apply to individual taxpayers earning income from...