Income tax collections from fair cross Tk 1,600cr in five days

Staff Correspondent | Published: 00:00, Nov 19,2019

 
 

Taxpayers fill in tax returns forms at the central venue of the income tax fair at Officers’ Club Dhaka in the capital on Sunday. The National Board of Revenue on Monday, the fifth day of the weeklong income tax fair, received huge response from taxpayers as it reported a record amount of income tax collection and tax returns submissions at fair venues across the country. — New Age photo

The National Board of Revenue on Monday, the fifth day of the weeklong income tax fair, received huge response from taxpayers as it reported a record amount of income tax collection and tax returns submissions at fair venues across the country.

The NBR received a record amount of Tk 312 crore in income taxes from 1.06 lakh taxpayers who filed their returns on the day against Tk 291 crore from 81,599 taxpayers on the corresponding day at last year’s edition of the fair.

Total tax collection stood at Tk 1,659 crore while 4.21 lakh taxpayers filed their tax returns in the first five days of the fair that began on Thursday.

In the first five days of last year’s fair, the revenue board netted Tk 1,558 crore in income taxes from 3.43 lakh taxpayers.

According to the NBR data, 3,231 taxpayers had paid Tk 2.36 crore in income taxes using e-payment system till Monday.

NBR officials said that the taxpayers continued to throng the various fair venues, including the central one at Officers’ Club Dhaka in the capital, for filing income tax returns, paying taxes and receiving other income tax-related services as the fair was coming to an end soon.

The nationwide fair that has been taking place at 120 spots including, eight divisional cities, 56 districts and 56 upazilas, will end on Wednesday.

Tax authorities may witness a greater number of taxpayers at the fair venues in the last two days as the taxpayers were likely to take advantage of the opportunity to file their returns in a hassle-free atmosphere the  NBR had managed to create at the fair, they said.

The data showed that a total of 12.60 lakh people had received services in five days while 21,506 new taxpayers had obtained fresh electronic taxpayers’ identification numbers. Last year, the number of service receivers during the five days was 11.49 lakh.

The fair venues will remain open from 9:00am to 5:00pm till November 20.

The taxpayers, however, will be able to file their tax returns and pay taxes until November 30, the last date of returns submission for individual taxpayers.

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