Dhaka, April 23 -- Chairman of the National Board of Revenue (NBR) Md Abdur Rahman Khan on Wednesday ruled out tax cuts for now, saying the government's priority is to boost revenue collection by widening the tax net.

"Reducing corporate tax and tax deducted at source (TDS) rates is not possible at this stage. Instead, we are working to strengthen the refund management system," he said at a pre-budget meeting with four chambers at the NBR headquarters in the capital.

The meeting was attended by the Dhaka Chamber of Commerce and Industry (DCCI), Bangladesh Chamber of Industries (BCI), Gazipur Metropolitan Chamber of Commerce and Industry, and Sylhet Chamber of Commerce and Industry.

Mr Khan said the revenue authority is considering with...