Dhaka, April 26 -- Experts at a policy dialogue on Sunday stressed the need for a simplified, neutral and predictable tax structure to improve revenue mobilisation while reducing market distortions.

The Policy Research Institute of Bangladesh (PRI) organised the closed-door event titled "Rationalising Supplementary Duty and VAT in Bangladesh: Evidence, Challenges, and Reform Pathways."

Research Director at PRI Dr Bazlul Haque Khondker and Principal at The M Group Hafiz Choudhury made the keynote presentation, outlining global good practices and reform priorities for Bangladesh's selective taxes - particularly supplementary duty (SD) - within the VAT framework.

They said modern tax systems rely on clearly defined objectives and consiste...