DHAKA, May 13, 2025 (BSS) - The National Board of Revenue (NBR) has been dissolved and replaced with two new divisions under the ministry of finance in a bid to modernise tax administration and boost revenue collection.

The restructuring took place through an ordinance promulgated last night.

Under the "Revenue Policy and Revenue Management Ordinance 2025", the government will establish the Revenue Policy Division and the Revenue Management Division.

The policy division will design tax laws, set rates, and oversee international tax treaties, while the management division will look after enforcement, audits, and compliance for income tax, VAT, and customs.

The overhaul comes as Bangladesh seeks to strengthen public finances amid economic pressures, including in foreign exchange reserves.

The interim administration, led by Nobel laureate Chief Adviser Professor Muhammad Yunus, has pushed the reforms to improve governance and efficiency.
 
A review of the ordinance shows that the Revenue Policy Division will oversee the enforcement of tax laws and evaluate the state of tax collection.