The decision to abolish the National Board of Revenue (NBR) and divide it into two separate entities has been finalized, Finance and Planning Minister Amir Khosru Mahmud Chowdhury confirmed on Wednesday. The minister stated that the necessary legislation will be enacted shortly.

Speaking to journalists after a meeting with customs and tax officials at the NBR headquarters in Agargaon, Dhaka, the finance minister said, "The matter of splitting it into two parts has already been finalized. It will be given legal form very soon."

Economic Outlook

Regarding the country's overall economic situation, Amir Khosru Mahmud Chowdhury said the current government is working with specific targets to ensure economic development and maintain discipline. He expressed optimism that positive impacts on the national economy will become visible in the near future, with desired growth in Gross Domestic Product (GDP) and revenue collection.

Revenue Collection Figures

On revenue collection, the finance minister reported that income tax collection has seen growth exceeding 14 percent, while the customs sector has also achieved approximately 14 percent growth. The restructuring of the NBR is viewed as a significant step in the broader reform process of the country's tax administration.