LDC graduation: Foreign secretary for measures to navigate indirect taxation losses

As Bangladesh is set to graduate from the least developed countries (LDCs) group in 2026, Foreign Secretary Ambassador Masud Bin Momen has said measures should be taken to navigate the losses of indirect taxation.

He has also recommended improving the tax collection mechanism.

“As we go for more preferential trading arrangements, our dependence on indirect taxes will decrease, and that is when the low tax to GDP ratio will be under serious strain,” he told a webinar arranged by Youth Policy Forum on Sunday.

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