A recent visit by an International Monetary Fund (IMF) team to Bangladesh highlighted concerns over the substantial outstanding dues owed by the Bangladesh Petroleum Corporation (BPC) to the National Board of Revenue (NBR), amounting to approximately Tk22,000 crore. Dissatisfied with the NBR’s collection strategy, the IMF urged for a clear roadmap to address the overdue amount, emphasizing the need for timely action. The customs wing’s projected shortfall in meeting import tax targets prompted the IMF delegation to suggest redistributing the burden to the VAT and income tax wings. Despite efforts to resolve the issue through “book adjustment,” which reallocates funds on paper, the IMF team expressed scepticism, emphasizing the importance of tangible revenue collection.
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