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Chairman of the Board (NBR) Abu Hena. “There is no possibility to extend this time,” Rahmatul Munim told a news conference on Thursday.
According to the Income Tax Ordinance, the return must be filed before November 30. The journalists asked the president of the NBR if the time would be extended due to the epidemic.
He said that even if the time is not extended, anyone can apply by the rules and take the same time as before.
“Taxpayers who request an extension during this period may submit their returns later. And that opportunity will also be given in accordance with the provisions of the Income Tax Ordinance. “
NBR organizes the National Income Tax Day since 2006 and the Income Tax Fair since 2010. Due to the coronavirus, the income tax is not matching this time.
Rahmatul Munim said, “For the convenience of taxpayers, returns are received in the tax fair environment in each tax region, the tax identification number (TIN) is provided, and the tax information service is provided. Taxpayers also receive an acknowledgment of receipt immediately after filing the return ”.
The NBR president also highlighted the latest revenue collection situation at a press conference held in the NBR conference room in Segundobagicha.
According to the press conference, the VAT Electronic Tax Device (EFD) testing activities have been successful. A thousand more EFDs will be installed next month. Another 10,000 EFDs will be installed in phases.
Journalists also questioned the head of NBR about the High Court directive on collecting revenue from global digital platforms such as Facebook and Google.
He said: “The verdict has not yet come. The difficulty in collecting income from this sector is that we obtain income only from remittances sent through banks. Sending money by other means such as hundi does not generate income.
“Meetings are being held with the Ministries of Posts and Telecommunications, Information and Technology, Commerce and Information.”
This time the tax is not equal
1.14% growth in revenue collection in four months
The NBR chairman said that revenue of Tk 8,555 crore was collected in the first four months (July-October) of the current 2020-21 fiscal year, which is 1.14% more than in the same period last year.
The target for these four months was Tk 6,001 crore. As a result, revenue collection in July-October was less than the target of Tk 20,447 crore.
The goal is to collect 3 lakh 30 thousand crore rupees in the entire financial year.
In the last four months of the last fiscal year 2019-20, revenue of Tk 75,606 crore was collected.
Regarding the huge deficit in revenue collection, Rahmatul Munim said: “Despite the deficit, revenue collection has been Tk 748 crore more than in the same period last financial year. Growth is also a big problem in this epidemic. “
He expected revenue collection to increase in the remaining months of the financial year.
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