WHAT IS TAX?
The term ‘tax’ has been derived from the French word ‘taxe’ and etymologically, the Latin
word ‘taxare’ is related to the term ‘tax’, which means ‘to charge’.So Tax is an amount of
money that you have to pay to the government so that it can pay for public services
According to Article 152(1) of the Constitution of Bangladesh, taxation includes the
imposition of any tax, rate, duty or impost, whether general, local or special, and tax shall be
construed accordingly. Taxes are the most important source of revenue of the modern
governments.
different economists Say:
“”tax’ means the income tax payable under the ordinance and includes any additional tax,
excess profit tax, penalty, interest, fees or other charges leviable or payable under this
ordinance” – Section 2(62) of the ITO 1984
taxes are compiulsory payment to government without expectation of direct return in
benefit
to the tax payer.” – P, E. Taylor.
ROLE OF TAX IN THE ECONOMIC DEVELOPMENT OF BANGLADESH
Bangladesh, as an emerging developing country, is committed to augmenting revenue and
achieving fiscal discipline with a view to increasing self-reliance. The external environment
influencing the tax performance of Bangladesh has changed remarkably as the country
