Full automation of bond facility by ‘23

NBR chairman

Staff Correspondent: National Board of Revenue (NBR) chairman Abu Hena Md Rahmatul Muneem said that the bond facility will be completelyautomated by 2023 so that no one can gain illegal benefit from the system.
He made the remarks today at a pre-budget discussion with the members ofthe Economic Reporters Forum (ERF) at the NBR office in the capital.
The NBR chairman urged the concerned officials to be careful so thatforeign nationals cannot join any job by arriving here in tourist visas aiming to evade the tax.
He also sought cooperation from other ministries and government agenciesso that the local employers feel discouraged to employ foreign nationals,those who come here with tourist visas. At the programme, ERF President Sharmeen Rinvy and General Secretary SM Rashidul Islam placed a set of recommendations for the next budget for fiscal2022-23.
The NBR chairman expressed interest in protecting local industries in theforthcoming budget.
He said that support for local industries, especially for those whoproduce consumer goods, would be in consideration in the next budget like previous years.
“We don’t want consumer goods to be imported from China, Taiwan, or anyother country,” he said adding, “It’s a shame that these products sometimeshave to be brought from Pakistan.”
However, noting that support does not always yield good results, the NBRchairman said, “It often makes one dependent and weak. Therefore, impactanalysis will be done after facilitating necessary support.”
When asked about backing sectors outside of the RMG, he said, “We arestruggling to cope with what has already been offered. People are misusingour bond facilities. This will be hard to eradicate.”
Among others, senior NBR officials also spoke at the event.