In an increasingly competitive,globalizing world, Bangladesh needs to rationalize itstariff structure and lower overall protection so that itsexports can compete in world markets. At the same time, thegovernment needs to protect revenues in afiscally-constrained year. This note proposes a package oftariff reforms that simplifies the rate structure, lowersaverage nominal protection, improves economic efficiency andis virtually revenue neutral. Adverse revenue impact, ifthere are any, could be addressed by strengthening the largetaxpayers units, reducing the numerous exemptions invalue-added tax (VAT), and expanding the tax base.