The Bangladeshi government is undertaking major reforms to improve the efficiency and effectiveness of its tax administration. These reforms involve splitting the National Board of Revenue (NBR) into two separate divisions. One division will focus on formulating tax policies, while the other will be responsible for tax administration and management. The move aims to address longstanding structural weaknesses within the NBR. Officials announced the plan at an event in Dhaka on Sunday, June 21st, indicating a significant restructuring of the country’s revenue system. The government hopes this separation will lead to a more streamlined and responsive tax collection process. Further details regarding the implementation of this new structure are expected to be released soon.