NBR decides to go all-out to net fake TIN holders
Thursday, 18 December 2008
The National Board of Revenue (NBR) will sit with Rajdhani Unnayan Kartripakkha (RAJUK), city corporations, Bangladesh Road Transport Authority (BRTA) and banks shortly to identify fake TIN holders.
The meetings are being arranged out of suspicion that a large number of potential taxpayers have evaded income tax, reports UNB.
According to officials, the NBR will hold the meetings as the number of Taxpayer Identification Number (TIN) holders has increased sharply, while the number of income-tax returns remaining almost unchanged.
NBR data showed the number of TIN holders until October 31 last at 2,262,885, but only 676,100 people submitted their tax returns for the 2008-09 fiscal by paying over Tk 7.91 billion (791 crore) in taxes.
Indicating the data, the revenue-collecting agency suspects that the trend of getting fake TINs for various purposes, including trade, plot allocation, etc. was on the rise.
The NBR now has adopted a tough stance to net in the tax-dodgers for increasing its revenue from the income tax.
Currently, possession of TIN has been made mandatory for purchasing land, apartment, house, car and getting credit card. Thousands have obtained TINs and queued up in a mad rush for applying for Uttara and Purbachal housing plots, compelling government authorities to make a last-minute announcement on the extension of the deadline up to January 15 next year from December 18, the previously scheduled last date.
NBR officials said that the upcoming meetings with the RAJUK, city corporations, Bangladesh Road Transport Authority (BRTA) and banks would help them a lot to find out the persons who are dodging taxes.
A high official of the revenue board told the news agency that they would ask the RAJUK, BRTA, city corporations and bank authorities to provide the information about their clients who have TINs.
Recently, the NBR has initiated introducing tax-sticker for car owners to identify if the respective car owner is a taxpayer or not.
"The tax-sticker will be pasted on the windshield of a car as of other stickers showing conventional payments like BTRC tax," NBR chairman Muhammad Abdul Mazid told the agency over telephone.
The meetings are being arranged out of suspicion that a large number of potential taxpayers have evaded income tax, reports UNB.
According to officials, the NBR will hold the meetings as the number of Taxpayer Identification Number (TIN) holders has increased sharply, while the number of income-tax returns remaining almost unchanged.
NBR data showed the number of TIN holders until October 31 last at 2,262,885, but only 676,100 people submitted their tax returns for the 2008-09 fiscal by paying over Tk 7.91 billion (791 crore) in taxes.
Indicating the data, the revenue-collecting agency suspects that the trend of getting fake TINs for various purposes, including trade, plot allocation, etc. was on the rise.
The NBR now has adopted a tough stance to net in the tax-dodgers for increasing its revenue from the income tax.
Currently, possession of TIN has been made mandatory for purchasing land, apartment, house, car and getting credit card. Thousands have obtained TINs and queued up in a mad rush for applying for Uttara and Purbachal housing plots, compelling government authorities to make a last-minute announcement on the extension of the deadline up to January 15 next year from December 18, the previously scheduled last date.
NBR officials said that the upcoming meetings with the RAJUK, city corporations, Bangladesh Road Transport Authority (BRTA) and banks would help them a lot to find out the persons who are dodging taxes.
A high official of the revenue board told the news agency that they would ask the RAJUK, BRTA, city corporations and bank authorities to provide the information about their clients who have TINs.
Recently, the NBR has initiated introducing tax-sticker for car owners to identify if the respective car owner is a taxpayer or not.
"The tax-sticker will be pasted on the windshield of a car as of other stickers showing conventional payments like BTRC tax," NBR chairman Muhammad Abdul Mazid told the agency over telephone.