NBR works out plans to achieve revenue collection target

The National Board of Revenue (NBR) has chalked out 27 work plans to achieve its huge revenue collection target of Tk 1497.20 billion for fiscal 2014-15. ‘As the target is huge for the ongoing fiscal, we don’t have any other option but to work out plans for revenue collection from the very beginning of the new fiscal’. He said the NBR will identify the ‘risky’ and ‘sensitive’ organizations, in terms of revenue collection, and take quick actions in this regard, intensify the drive to realise the outstanding revenues, and dispose of the pending cases. Besides, the NBR has asked its tax zone offices to improve the activities of their respective service desks. The NBR has also decided to increase its in-house training, collect import information and examine those, hold regular meetings to review tax collection status and take steps to raise awareness among taxpayers about tax payment. The NBR directed customs officials to check duty evasion, under-invoicing and abuse of bonded warehouse facilities, according to UNB.