Dhaka, April 28 -- The government is considering integrating the upcoming wealth tax with the online tax return system to automatically capture individuals' asset information, aiming to reduce compliance burdens and eliminate manual assessments.

Officials say financial assets, such as cash holdings and bank deposits, will be directly reflected in taxpayers' online returns through system integration.

Immovable assets, on the other hand, will be assessed based on mouza values set nationwide.

The wealth tax is likely to be introduced in the upcoming budget for the next fiscal year.

A senior official of the National Board of Revenue (NBR) says the new system will not impose an excessive burden on taxpayers as the total tax liability, incl...