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 Implementation challenges of property tax have been analysed through the lens of 'Policy Variables' and 'Administrative variables' ✰ Policy variables of property tax - tax base, exemption, rate, assessment basis, and legal framework ➤ Related to policy decisions and equity concerns of policymakers Administrative variables of property tax - tax base coverage, tax assessment, and collection ➤ Related to administrative capacity, efficiency and transparency ✓ For a given level of property tax policy in place, the only way to improve the system might be to improve the effectiveness of the administrative factors, such as by expanding tax base coverage, improving property assessment, strengthening tax collection etc. ✓ If the tax administration is performing at its full capacity on administrative factors, then it may be required for major policy review to improve the performance of the property tax system, such as to redefine the tax base, reduce unjustified tax exemption or legislating a new law ☐ Implementation challenges have been also analysed through other cross-cutting issues, such as political economy, corruption and data issue State and Scope of Property Taxation in Bangladesh 33
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