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Challenges to Collect Property Tax in Bangladesh Essay

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Challenges to Collect Property Taxes in Bangladesh

Md. Jehad Uddin
LL.B (Honours), LL.M (1st Class)
University of Dhaka
Bangladesh Civil Serice (Taxation)
Deputy Commissioner of Taxes
National Board of Bangladesh
Government of the Peoples’ Republic of Bangladesh

1. Introduction
Emergence of globalization has immense impact on tax structure and on its systems of redistribution. Due to trade liberalization trade revenue is reducing day by day. In this situation revenue collection from internal resources should be the main source to the government exchequer to play the redistributive role as well as to perform other development activities. To attain the Millennium Development Goal (MDG) and to carry out the development process the country needs to rationalized its revenue collection composition with great emphasis on collection from internal resource. Bangladesh is a small nation with a huge population. Inspire of its utmost efforts and growth prospects Bangladesh is yet to reach to the stream of the middle income countries and to improve effectively the quality of life of its people because of its age old poverty, structural weakness of its economy and lack of productive capacities for development. To attain the Millennium Development Goal (MDG) and to carry out the development process the country needs to rationalized its revenue collection composition with great emphasis on collection from internal resource. Property taxes can play a vital role for a developing country like Bangladesh for raising internal resources. If a property tax is to be successfully introduced in Bangladesh, the revenue board needs to carefully consider a wide range of issues and challenges. Effective tax reform for introducing the property taxes will require open and transparent engagement with stakeholders, clear communication through the media to help people understand the implications of this new tax, making the tax as simple as possible to minimize compliance costs for...

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"Challenges to Collect Property Tax in Bangladesh". Anti Essays. 9 Dec. 2018

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Challenges to Collect Property Tax in Bangladesh. Anti Essays. Retrieved December 9, 2018, from the World Wide Web: http://teachingsail.com/free-essays/Challenges-To-Collect-Property-Tax-In-583085.html


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