State and Scope of Property Taxation in Bangladesh slide image

State and Scope of Property Taxation in Bangladesh

Section 4: Implementation Challenges of Bangladesh Property Taxes - Gap Analysis Administrative Variables Related Challenges Tools of Property Tax Collection and enforcement Challenges There is a lack of public education and outreach among people regarding the obligations to pay property taxes A study found that 89% of respondents believe that the NBR should improve their public outreach efforts by providing more information on how to file tax returns and make payments properly ▪ 80% of respondents believe that there should be increased public awareness of tax-paying responsibilities through regular publicity, seminars and educational campaigns ☐ Tax amnesty programmes in Bangladesh create a sense of unfairness among law-abiding taxpayers who pay their taxes on time - ▪ When tax evaders are allowed to avoid penalties and interest on their overdue taxes, it creates a perception that those who pay their taxes on time are being penalised unfairly this leads to a decline in voluntary tax compliance and overall tax collection as more taxpayers may be inclined to evade taxes in the hope of receiving amnesty in future Justice concern Efficiency concern Transparency concern State and Scope of Property Taxation in Bangladesh 40
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