No of tax card recipients raised further to 141

Staff Correspondent | Published: 00:13, Nov 11,2016

 
 

The National Board of Revenue has finally raised the number of national income tax card recipients to 141 from 20.
The Internal Resources Division of the finance ministry on Tuesday issued the National Tax Card Policy-2010 (amended), raising the number and relaxing the selection criteria for awarding the card.
Under the amended policy, taxpayers, individual and corporate, will get the tax card even if they have disputes with the revenue board over income tax.
Previously, many corporate taxpayers remained left out of receiving the award due to their disputes over income tax with the NBR.
Under the amended policy, taxpayers, however, will not be selected for the tax card if they have any unpaid tax which is undisputed.
The Cabinet on October 31 approved the amendments to the policy to increase the number of tax card recipients to 125 — 64 individuals, 50 companies and 11 other taxpayers.
The NBR finally raised the number to 141 following an instruction from the finance minister as the policy empowers the minister to raise the number of recipients, officials said.
They said that now 76 individual taxpayers, 53 companies and 12 taxpayers in other categories including firms,
local authorities (autonomous bodies) would get the award.
Till last year, the revenue board awarded 10 individuals and 10 companies for paying the highest income tax at the national level in a year.
This year, the revenue board on November 17 will hand over the tax cards and certificates to the highest taxpayers at a programme to be held in Dhaka.
Among the individual taxpayers, the NBR will award five from each categories of taxpayers — senior citizens, war-wounded freedom fighters, women and young taxpayers and three disabled persons under ‘special class.’
Five taxpayers from each categories of taxpayers —businessmen, salaried persons, doctors, journalists and lawyers, three from each categories of taxpayers —engineers, architects, accountants, athletes, singers, artistes, seven new taxpayers and three from other categories will get the tax cards.
The 53 corporate taxpayers will be selected from 14 business sectors. Seven companies each from spinning and textiles, and readymade garment sectors, four each from banks, non-banking financial institutions, pharmaceuticals and chemicals, print and electronic media, and others sectors, three each from engineering, foods and
related industries, energy, jute, real estate and leather sectors and one from telecom sector will get the award.
The tax card awardees are entitled to enjoy a number of privileges for one year including priority while reserving seats in public transports, public hospitals, and access to VIP lounges at the airports and invitation to state functions.

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