ZCZC
BSS-30
NBR-TAX RETURN
Return submission, tax collection increase despite COVID-19
DHAKA, Jan 4, 2020 (BSS) – The number of submission of income tax
returns as well as income tax collection of individual taxpayers
increased in the current fiscal year (FY21) although the COVID-19
pandemic is taking its toll on the global economy.
According to the National Board of Revenue (NBR), a total of
24,09,357 individual taxpayers submitted their returns till December
31 which was also 9 percent higher than the last tax year.
Besides, till December 31, the revenue board collected a total of
Taka 34,238 crore as revenue over the last six months which was also
Taka 1,545 crore or 4.73 percent higher than the last tax year.
Talking to BSS, NBR member M Alamgir Hossain said that the number
of income tax returns has increased this time since it has been made
mandatory to submit returns by all TIN holders. “Besides, awareness
has been created among common people about submitting returns and thus
we’re getting the results of it,”
He informed that around 2 lakh taxpayers have applied before the
NBR to submit their returns beyond the extended timeframe of December
31 and once those returns are submitted, the total number of submitted
tax returns would reach around 26 lakh. Currently, the number of TIN
holders in the country is 56 lakh.
Meanwhile, NBR chairman Abu Hena Md Rahmatul Muneem has expressed
his heartfelt gratitude to the taxpayers for submitting their returns
braving health risk despite this pandemic.
In a press release of the NBR, Muneem also hoped that such
cooperation of the patriotic taxpayers would continue in the coming
days.
BSS/ASG/RI/GM/MRU/1821hrs