B Mirror Report :  National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan has said that the proposed national budget for FY2026-27 does not impose any additional tax on profits from savings certificates and contains no provision for legalising undisclosed or black money.

Speaking at a seminar titled “Analysis of the Finance Bill 2026-27”, organised by the Economic Reporters Forum (ERF) on Sunday, the NBR chief said the government has no intention of allowing the whitening of black money.

“There is no provision in the budget for legalising black money. The current government has clearly decided that there will be no such opportunity,” he said.

Clarifying the changes related to savings certificates, NBR officials said the new rules would actually reduce the tax burden for many taxpayers. The withholding tax on income from savings certificates has been converted from a minimum tax to an advance tax, allowing taxpayers to adjust the deducted amount against their overall tax liabilities or claim refunds.

NBR First Secretary (Tax Information Management and Evaluation) Md Jafar Imam said thousands of taxpayers who depend solely on income from savings certificates are likely to benefit under the new system and may receive tax refunds through an automated process.

The NBR chairman added that while low- and middle-income savers would benefit from the revised mechanism, wealthy individuals with multiple sources of income, including property and salaries, may face higher tax liabilities depending on their applicable tax rates.

The seminar was chaired by ERF President Daulat Akter Mala and moderated by General Secretary Abul Kasem, with senior NBR officials and tax experts also in attendance.