Bangladesh, May 4 -- Bangladesh's economy is currently going through a transformative phase. As we move steadily towards LDC graduation, new challenges are becoming increasingly visible. Maintaining growth is important, but at the same time, enhancing revenue collection capacity and making the revenue system more efficient, transparent, and sustainable has become equally important. In this context, the importance of the VAT (Value Added Tax) system is undeniable.

From my experience, I can say that although Bangladesh's VAT system is full of potential, its current structure is not fully effective. Legal complexities, lack of clarity in definitions, and administrative limitations-these three issues are limiting the effectiveness of the VA...