Revenue earnings of the National Board of Revenue increased by Tk 16,650 crore or 26.84 percent last fiscal year, beating the target for the year, said its Chairman Nasiruddin Ahmed yesterday.
He said the taxpayers’ increasing trust in democratic government and intensified monitoring at the field level contributed to the high earnings.
Ahmed presented the last fiscal year’s achievements of the tax administrator at a press meet in Dhaka.
He said it was a record earning in the history of the NBR that shot past the target for the year.
In fiscal 2010-11, the total revenue earning was Tk 78,692 crore, up from Tk 62,042 crore in the previous fiscal year.
The original target for the last fiscal year was Tk 72,590 crore that was later increased to Tk 75,600 crore in the revised budget.
The NBR earned Tk 6,101 crore more than the target in the original budget and Tk 3,091 crore more than that in the revised budget.
The NBR chief said they have beaten the revenue collection target in two consecutive years.
According to NBR statistics, revenue collection growth at import level is 22 percent and at local level it is 27 percent, while the income tax growth is 34 percent.
He also said massive reform programmes, including more use of information technology in tax collection, were implemented in the NBR in the last few years. These also contributed to higher revenue collection, he added.
Ahmed said they plan to take several steps in the current fiscal year to boost tax collection and minimise harassment of the taxpayers.
The tax administrator will hold regular talks with businesspeople throughout the year to minimise the gap between the NBR and the taxpayers and to solve any tax-related complication instantly, he added.
The NBR chief also said, like the previous year they will organise income tax fairs in seven divisional cities this year.
Ahmed said they will introduce Alternative Dispute Resolution next year, which he hopes will increase revenue collection.
NBR members Jahanara Siddiqui, Abdul Mannan Patwari, Fariduddin Ahmed and Syed Aminul Karim were also present at the press meet.
-With The Daily Star input
