An Evaluation of Tax Policy in Bangladesh

Perspective from Different Professionals

Abstract

The purpose of this paper is to increase public awareness about the tax policy in Bangladesh. The study provides some policy level guidelines for tax system in Bangladesh. As Bangladesh earns less tax revenue than other neighboring countries as well as the global average level, it would enhance the government's capabilities for more development and meet governmental expenditures in an appropriate way. The study used both primary and secondary data. Primary data is collected through survey techniques using structured open-ended and close-ended questionnaires. A total of 160 respondents were selected randomly from different professional groups under two major categories (tax-payers and non-tax-payers) which are important to be considered for future policy reformation in the field of income tax system including collection and utilization of the source. As a greater public policy concern, this research contributes to the academia and policy-makers for future study or policy formulation purposes with an indirect aim of the overall socio-political and economic development of the nation.