Bangladesh, Nov. 10 -- The National Board of Revenue (NBR) has started restructuring its international tax wing to facilitate foreign investors and curb illegal profit shifting by multinational companies (MNCs).

In line with the government's move to attract foreign investment and sign free-trade agreements (FTAs) with several countries, the tax authority has decided to focus more on international taxation.

It will bring its transfer pricing (TP) cell, formed in 2014 in line with a legal provision, under the International Tax Unit (ITU).

A separate office will be rented for the ITU to strengthen its operations.

In its first year, the ITU will review whether amendments are needed to the income tax law, particularly its provisions relat...