Bangladesh, Sept. 6 -- The National Board of Revenue (NBR) is being restructured to separate its tax policy formulation and implementation branches in a bid to prevent audit-related fears and harassment among taxpayers, Finance Minister Amir Khosru Mahmud Chowdhury informed Parliament on Sunday.

Advertisement He made the remarks during the question-and-answer session of the Jatiya Sangsad while responding to a supplementary query from Md. Abdul Alim, Member of Parliament for Bagherhat-4. Deputy Speaker Barrister Kayser Kamal presided over the session.

The Finance Minister acknowledged that there is a widespread fear among people regarding coming under the tax net for various reasons, which discourages voluntary compliance. "It is true ...