NBR to educate people on income tax, VAT

The National Board of Revenue has taken an initiative to educate taxpayers on income tax and value added tax, create awareness and build a tax-culture in the country, said a press release yesterday.

To attain the objective, the tax authority plans to open a 'Tax and VAT Learning Assistance Forum' across the country.

Under the initiative, NBR's income and VAT departments will exchange views with taxpayers and businessmen in phases and answer the queries of citizens.

The forum is expected to begin operations today from Rangpur, a northwest division, said the NBR press release.

NBR Chairman Md Nojibur Rahman will inaugurate the forum at a programme, to be organised by NBR's income tax zone and VAT Commissionerate Rangpur.

The NBR said taxpayers, ranging from individuals to companies, will be able to understand income tax-related issues through the forum.

Individual taxpayers will also get assistance from taxmen to file income tax returns, so that they can submit their annual income and tax statements by the deadline, November 30, said NBR.

The forum will also help businessmen and citizens know about the new VAT law to be implemented from July 2017, it added. The NBR said the activities of such forums will begin in all the tax and VAT offices gradually within November this year.