Dhaka, March 31 -- The National Board of Revenue (NBR) is considering raising taxes on wealthy individuals in the budget of the next fiscal year.

The tax authority is also planning to review the wealth tax and introduce an inheritance tax to boost government revenue collection, NBR Chairman Abdur Rahman Khan said on Tuesday.

The NBR is planning to raise the tax rate for ultra-rich individuals to 35 per cent from the existing 30 per cent, a move that may come into effect from FY2027-28.

"We have a plan to implement this from the year after the next fiscal year. I will place the proposal before the finance minister," Mr Khan said at a pre-budget discussion with leaders of the Economic Reporters Forum (ERF) at the NBR headquarters in Agar...