The National Board of Revenue (NBR) yesterday extended the deadline for submission of income tax returns to October 7 on ‘special consideration’ following strong demand from leading business chambers.
NBR Chairman Nasiruddin Ahmed told The Daily Star last night that the deadline, which expired yesterday, has been extended for a week.
“We have extended the deadline on special consideration after the businessmen made strong demand,” he said.
The extension came on the last day of the five-day long income tax fairs in Dhaka and Chittagong, organised to boost tax collection and bring more people under the tax net.
Earlier, Ahmed, at a press conference at the Diploma Engineers Institute in Dhaka, said 55,707 taxpayer identification number (TIN) holders submitted their income tax returns worth Tk 117.19 crore.
Such fairs would be organised at divisional cities from next year, he added.
It was the first fair of its kind in the country and a total of 17,560 new TINs were registered.
The fairs opened simultaneously at the auditorium of Diploma Engineers Institute in Dhaka and the MA Aziz Stadium in Chittagong on September 26.
Thousands of businessmen, professionals and share traders thronged the fairs. Many queued for hours to submit their returns.
The events offered TINs to new taxpayers and helped them fill income-tax forms from 10:00am to 6:00pm each day. The authorities, however accepted statements till 8:00pm yesterday.
As of September 29, about 3.26 lakh TIN-holders submitted tax returns, which is less than half of the last year’s submission by 7.57 lakh people, according to NBR officials.
A meagre 7.57 lakh people paid income taxes in a country of 160 million people, although there are about 27 lakh TIN holders.
At 8.5 percent, Bangladesh’s tax-gross domestic product ratio is one of the lowest in South Asia.
