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Revenue Shortfall

NBR seeks to realise unpaid income taxes

Staff Correspondent | Published: 22:41, May 20,2020

 
 

The National Board of Revenue has instructed its field level income tax offices to provide a list of tax defaulters with undisputed dues to the government exchequer of above Tk 5 lakh.

The NBR’s income tax wing on Tuesday asked the income tax commissioners across the country to send the list with the collectable amount of the dues by June 3.

NBR member (legal and enforcement) Nahar Ferdousy Begum issued the letter instructing the commissioners to update the data of the arrears of revenue, prepare the work plan and take all possible legal action to collect the dues in their respective tax zones.

Officials said that the revenue board had decided to bring the income tax defaulters under its scrutiny following the huge revenue shortfall so far in the current fiscal year 2019-2020.

They said that the move had been taken to minimise the deficit through collection of undisputed dues.

Income tax collection witnessed a shortfall worth Tk 18,415 crore until March.

The shortfall in overall revenue collection may stand at over Tk 1 lakh crore amid the coronavirus pandemic.

They said that the income tax wing had so far collected some Tk 1,500 crore out of Tk 5,000 in undisputed dues which had remained unpaid for a long time.

A senior tax official said that although they would remain cautious about taking action against the defaulters amid the COVID-19 situation, the defaulters would not be spared eventually.

Field level tax offices will serve notices to the defaulters or send inspectors to realise the due taxes.

The income tax wing will sit with the NBR high-ups after the lockdown is lifted to decide the next course of action about mobilisation of arrears of revenue, they added.

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