The tax rate will come down if more people can be brought under the tax net, analysts said in a seminar today.

They also said the tendency of tax evasion among the people will also lessen if the government reduces the tax rate.

The National Board of Revenue (NBR) organised the seminar on "Role of Income Tax in Implementation of Vision and Building of Future Bangladesh" at NBR Building in Dhaka's Segunbagicha to mark the National Income Tax Day 2021.

Addressing the programme, Law Minister Anisul Huq said there is no alternative to raising direct taxes in the current era of industrialisation.

"I would like to request the wealthy people in the country to help increase the revenue and development of the country by taxing the taxable income. Your tax money is the main driving force of the country's development," he said.

NBR Chairman Abu Hena Md Rahmatul Munim said as a country develops its direct tax base increases.

"We could not touch all the areas of our direct tax. This means that the task of collecting taxes has not been completed yet. I think it is very important to increase the tax net. We are trying to address the various challenges of increasing that tax net in different ways," he said.

"If we increase our collection if we reduce the tax rate and we will be able to encourage more people to pay taxes," Munim added.