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Bangladesh Sangbad SangsthaBusiness & Economy1 day ago
CPD for establishing expert committee to review taxable income | Business
DHAKA, Aug 26, 2025 (BSS) - Centre for policy dialogue (CPD) today urged the National Board of Revenue (NBR) to establish an expert committee comprising tax professionals, chartered accountants, and business representatives to regularly review and update the list of allowable deductions, expenditure caps, and definitions related totaxable income. The private think tank mentioned that firms usually report their accounting profit in financial statements and taxes are assessed based on taxable profit, which is calculated differently. CPD observed that due to the presence of advanced tax, minimum tax, incentives, exemptions, and deductions, differences in accounting and taxable profit, a firm's effective tax rate can differ from the stipulated corporate tax rate. The think tank made the observation at a dialogue...
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