NBR chairman urges NRBs to send remittances thru
FE Report | Thursday, 7 August 2008
The National Board of Revenue (NBR) Chairman Muhammad Abdul Mazid Wednesday urged the non-resident Bangladeshi to send remittance in formal channel instead of hundi.
Movable and immovable properties possessed with the amount of hundi will be considered as illegal property, he said adding though remittance is not under the purview of income tax but it should come through formal channel.
The NBR chief made this remarks at a programme in Sonargoan Upazilla under Narayanganj district arranged by tax zone-1.
The revenue board arranged the programme as a part of its ongoing motivational programme to attract new taxpayers.
In the programme, the NBR chief said the government is holding such motivational campaign to bridge the gap between taxpayers and taxmen.
"The NBR will show flexibility on assessment of tax return file of self-motivated taxpayers at least for first three years," he said in the programme.
In the programme at Sonargoan upazilla, around 32 new taxpayers filed tax returns while 102 persons obtained TIN (tax payers' identification number) certificates.
The NBR has received tax worth Tk 0.71 million (714909) from the new taxpayers at the programme.
The NBR will continue the drive until September next.
On Saturday and Sunday, the NBR chief will visit Rangpur, Kurigram, Lalmonirhat, Panchagar, Thakurgoan and Dinajpur.
The revenue board began the motivational programme in February last from Bogra.
Following satisfactory response of self-motivated taxpayers, the NBR expanded it across the country in upazilla level.
Officials said, the NBR has increased tax-exemption ceiling to Tk 165,000 from Tk 150,000 in the current fiscal.
The revenue officials said such motivational programme will help the board to increase the number of taxpayers and offset the loss of drop out of marginal taxpayers.
The revenue board arranged such motivational programme in cooperation of local chamber bodies and tax offices.
Self-motivated taxpayers have paid token tax in presence of the NBR chief and became TIN holders.
Only around 0.92 million people pay taxes in Bangladesh, one of the lowest in the world. The country's tax-GDP ratio hovers around 9.0 per cent, which is the lowest in Asia.
Officials said the aim of the movement is to increase the number of direct taxpayers, as there has been a sharp decline in customs revenue because of the duty waivers on hundreds of import items.
Movable and immovable properties possessed with the amount of hundi will be considered as illegal property, he said adding though remittance is not under the purview of income tax but it should come through formal channel.
The NBR chief made this remarks at a programme in Sonargoan Upazilla under Narayanganj district arranged by tax zone-1.
The revenue board arranged the programme as a part of its ongoing motivational programme to attract new taxpayers.
In the programme, the NBR chief said the government is holding such motivational campaign to bridge the gap between taxpayers and taxmen.
"The NBR will show flexibility on assessment of tax return file of self-motivated taxpayers at least for first three years," he said in the programme.
In the programme at Sonargoan upazilla, around 32 new taxpayers filed tax returns while 102 persons obtained TIN (tax payers' identification number) certificates.
The NBR has received tax worth Tk 0.71 million (714909) from the new taxpayers at the programme.
The NBR will continue the drive until September next.
On Saturday and Sunday, the NBR chief will visit Rangpur, Kurigram, Lalmonirhat, Panchagar, Thakurgoan and Dinajpur.
The revenue board began the motivational programme in February last from Bogra.
Following satisfactory response of self-motivated taxpayers, the NBR expanded it across the country in upazilla level.
Officials said, the NBR has increased tax-exemption ceiling to Tk 165,000 from Tk 150,000 in the current fiscal.
The revenue officials said such motivational programme will help the board to increase the number of taxpayers and offset the loss of drop out of marginal taxpayers.
The revenue board arranged such motivational programme in cooperation of local chamber bodies and tax offices.
Self-motivated taxpayers have paid token tax in presence of the NBR chief and became TIN holders.
Only around 0.92 million people pay taxes in Bangladesh, one of the lowest in the world. The country's tax-GDP ratio hovers around 9.0 per cent, which is the lowest in Asia.
Officials said the aim of the movement is to increase the number of direct taxpayers, as there has been a sharp decline in customs revenue because of the duty waivers on hundreds of import items.