The National Board of Revenue (NBR) yesterday extended the deadline for submission of income tax returns by one month to October 31.
The extension came following a demand from leading business chambers and different tax bar associations, said NBR in a release. “It should be given more time to complete taxpayer identification number (TIN) registration and re-registration online comfortably as it is a new system,” mentioned the release.
Yesterday was the last day for submitting income tax returns.
Successive governments have extended the deadline for filing tax returns almost every year in recent past.
Earlier, the tax authority launched a portal to provide TIN online, a major step towards the electronic tax payment system.
Under the new initiative, a taxpayer has to log on to the NBR’s website incometax.gov.bd and provide details, including the national identity card number, mobile phone number and e-mail address, to get a TIN.
The existing TIN holders, too, will have to re-register by December 31, 2013 for the new 12-digit number, which would replace the current 10-digit number on January 1, 2014.
Companies will have to re-register as well by submitting their registration numbers obtained from the Registrar of Joint Stock of Companies and Firms.
The new TIN will have to be used for tax returns for the 2013-14 fiscal.
-With The Daily Star input
