Tax fair logs Tk 1,064cr in first three days

The National Board of Revenue (NBR) logged Tk 1,064 crore in collections in the first three days of its weeklong tax fair as an increasing number of taxpayers turned up to complete tax related formalities.

The amount was around 5 percent higher than the Tk 1,014 crore of the same period a year ago, according to an NBR statement.

Similarly, income tax return submissions surged 20 percent to 2.21 lakh. Attendee figures were also higher this year.

The fair is in its 10th edition in providing assistance to individual taxpayers for completing tax-related formalities and creating a tax culture in the country where evasion and avoidance are said to be very high.

Apart from all the divisional cities, 56 district towns and 56 upazilas are witnessing the fair. In Dhaka and Chattogram, the event is ongoing at Officer’s Club and at GEC Convention Centre respectively from 9:00am to 5:00pm.