PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

584527

Primary Business Area

Investment Climate

Disclosure Date

Dec 29, 2011

Country

Bangladesh

Region

South Asia

IFC Approval Date

Jun 29, 2011

Status

Active

Estimated Total Budget

$4,100,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Jul 1, 2011

Project Description

The project assists Bangladesh with streamlining the country’s business taxation requirements. Objectives, by project closure, are to: 1) automate and streamline five procedures in taxpayer's services for better enforcement and strengthened compliance; 2) reduce the cost of taxation compliance by 10 percent and reduce the time required from 37 days to 3 days; and 3) increase the number of income tax and VAT (value-added tax) filers by 10 percent.