Tax return submission deadline now Dec 31
The National Board of Revenue (NBR) yesterday extended the deadline for income tax return submission by a month.
It means that taxpayers would be able to furnish their tax returns by December 31, according to a notification from the NBR.
The extension comes on the last day of the official deadline for return filing on November 30, also termed as Tax Day as a big number of taxpayers are yet to file their income, expenditure and wealth statements.
This is the second year the tax authority granted additional time for taxpayers to file returns without penalty.
Currently, filing of income tax returns is compulsory for all taxpayers, except for credit cardholders with no taxable income, people who registered for a taxpayer identification number (TIN) to sell land and non-residents who do not have any fixed base in Bangladesh.
At present, roughly 70 lakh persons are registered as taxpayers and nearly 40 per cent of the taxpayers file returns.
The official time for tax return filing starts from July 1 every year and ends on November 30.