{"id":26638,"date":"2025-01-30T14:40:20","date_gmt":"2025-01-30T14:40:20","guid":{"rendered":"https:\/\/thebangladeshtoday.com\/?p=26638"},"modified":"2025-01-30T14:40:22","modified_gmt":"2025-01-30T14:40:22","slug":"bb-governor-for-full-digitization-of-tax-system","status":"publish","type":"post","link":"https:\/\/thebangladeshtoday.com\/?p=26638","title":{"rendered":"BB governor for full digitization of tax system"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">TBT Desk:<br>Bangladesh Bank (BB) Governor Dr. Ahsan H. Mansur on Wednesday called for full digitization of the country's tax system to increase revenue collection.<br>\"Corruption in revenue management will persist without a fully online value-added tax (VAT) and tax collection process,\" he told at a discussion on \"Challenges and Prospects of Digital Transactions: VAT Increase Perspective\", organised by Prothom Alo in the city.<br>The governor said that major reforms in revenue management would take at least two to three years, saying, \"The current government will not have that time, but we will begin the process.\"<br>Addressing inflation control policies, he said, \"Some say policies are not working, but I would say policy is working to control inflation. Even in developed nations, it takes 10 to 12 months to see the impact of measures. We expect to see positive results by June.\"<br>He further pointed out the sluggish growth in bank deposits, stating, \"Currently, deposit growth in Bangladesh's banking sector is very low. I believe it should be at least 14-16%.\"<br>Mansur also said the government is also looking for alternative methods to the letter of credit.<br>\"We are trying to get out of the LC method. A feasibility study will be conducted in the next three months to find out LC alternatives used in developed countries,\" he stated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TBT Desk:Bangladesh Bank (BB) Governor Dr. Ahsan H. Mansur on Wednesday called for full digitization of the country's tax system to increase revenue collection.\"Corruption in revenue management will persist without a fully online value-added tax (VAT) and tax collection process,\" he told at a discussion on \"Challenges and Prospects of Digital Transactions: VAT Increase Perspective\", [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":26624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,110],"tags":[54],"class_list":["post-26638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bangladesh","category-economy-business","tag-54"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BB governor for full digitization of tax system - The Bangladesh Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thebangladeshtoday.com\/?p=26638\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BB governor for full digitization of tax system - The Bangladesh Today\" \/>\n<meta property=\"og:description\" content=\"TBT Desk:Bangladesh Bank (BB) Governor Dr. Ahsan H. Mansur on Wednesday called for full digitization of the country&#039;s tax system to increase revenue collection.&quot;Corruption in revenue management will persist without a fully online value-added tax (VAT) and tax collection process,&quot; he told at a discussion on &quot;Challenges and Prospects of Digital Transactions: VAT Increase Perspective&quot;, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thebangladeshtoday.com\/?p=26638\" \/>\n<meta property=\"og:site_name\" content=\"The Bangladesh Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/TBTNews.Media\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-30T14:40:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-30T14:40:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thebangladeshtoday.com\/wp-content\/uploads\/2025\/01\/bank.png\" \/>\n\t<meta property=\"og:image:width\" content=\"613\" \/>\n\t<meta property=\"og:image:height\" content=\"349\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bangladesh Today\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bangladesh Today\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thebangladeshtoday.com\\\/?p=26638#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thebangladeshtoday.com\\\/?p=26638\"},\"author\":{\"name\":\"Bangladesh Today\",\"@id\":\"https:\\\/\\\/thebangladeshtoday.com\\\/#\\\/schema\\\/person\\\/15f05feb59f0deb930d396ccadfb73de\"},\"headline\":\"BB governor for full digitization of tax system\",\"datePublished\":\"2025-01-30T14:40:20+00:00\",\"dateModified\":\"2025-01-30T14:40:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thebangladeshtoday.com\\\/?p=26638\"},\"wordCount\":227,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/thebangladeshtoday.com\\\/?p=26638#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/thebangladeshtoday.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/bank.png\",\"keywords\":[\"\u099f\u09aa \u09a8\u09bf\u0989\u099c\"],\"articleSection\":[\"Bangladesh\",\"Economy &amp; 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