Taskforce formed to ease tax laws

The National Board of Revenue (NBR) has formed a taskforce to implement necessary reforms in the income tax law, aiming to make the related rules easier and more business-friendly.
Headed by Tax Commissioner Iqtiaruddin Md Mamun, the main responsibilities of the taskforce will include reviewing the income tax law, rules, statutory regulatory orders and suggest reforms, according to an order, issued by the NBR recently.
Other tasks of the taskforce will examine the impact of enforcement of the provisions and rules of the income tax law, it said.
It has been given the responsibilities to scrutinise tax exemptions facilities given by the NBR to various sectors and recommend possible reforms in this regard, it mentioned.