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Farmers eye good profits from floating seedbeds Govt again extends rice import deadline Even cheaper varieties of fish dearer now Online shopping becomes costlier Paying same, taking home less Safety issues in focus, at last Electoral law amendment: EC ignores most reforms proposed by parties “You have the same rights as I do”: PM to Hindu community Hasina govt must be kept stable Forex market volatility: BB asks MDs of 6 banks to explain role The Narsingdi incident was a hate crime against a woman, plain and simple UN rights chief’s suggestion is important; let’s implement it Ctg port advances three notches in Lloyd’s List of busiest container ports Stokes and Co remain positive despite late SA charge The Reason Flat Earthers Exist
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Economy

Majority don’t pay income tax: NBR

Star Online Report
Wed Jul 31, 2019 01:39 PM Last update on: Wed Jul 31, 2019 03:25 PM
Income tax return in Bangladesh
Md Mosharraf Hossain Bhuiyan, chairman of National Board of Revenue (NBR), addresses a press conference at NBR headquarters in Dhaka on July 31, 2019. Photo: Sohel Parvez

About four crore people in the country have capacity to pay tax but majority of them do not pay tax on their income, said National Board of Revenue (NBR) chairman today.

"We are trying to bring them under tax net," said Md Mosharraf Hossain Bhuiyan, chairman of NBR, at a press conference at NBR headquarters in Dhaka.

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At present, NBR have about 40 lakh registered taxpayers but 22 lakh submitted returns in the fiscal 2018-19.

It has collected Tk 28 crore from the taxpayers through assessment of their incomes.

To increase tax, the NBR has been carrying out survey, involving taxmen and university students, for the last several months.

So far, the survey teams have detected 3,31,272 taxpayers and registered them.

Mosharraf said NBR has formed 213 survey teams to bring additional 6.72 lakh under tax net.

We are also taking punitive measures against registered taxpayers who have not submitted tax returns, he said.

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