Tax return deadline won't be extended, says NBR chief
Wednesday, 29 September 2010
FE Report
National Board of Revenue (NBR) Chairman Dr Nasiruddin Ahmed Tuesday declined to accept any request to extend the time for individual tax return that would expire on September 30.
He said according to the income tax law September 30 is the last day of tax return submission and 'September 30 means September 30'.
"People must build up the culture of payment of tax within the deadline," he said at a press briefing on the NBR premises in the city.
Taxpayers can apply to the deputy tax commissioner (DCT) prior to seeking extension of deadline, he said.
A DCT can give a three-month time extension to a taxpayer in response to a petition.
NBR member (income tax administration and monitoring) Basir Uddin Ahmed said: "The taxpayers can avail the universal self assessment facility from this year after submitting the petition."
Earlier, individual taxpayers could avail the facility until September 30. They had to submit tax return in the general method, which is not restricted for auditing, for extending time with petition.
The tax member also ruled out any possibility of time extension saying that only natural calamity would be considered as a valid reason for time extension.
Last year, the revenue board extended the deadline twice, first until October 31 and then November 12, as some areas of the country were affected by natural disaster.
"Around 70 per cent of the tax returns are usually submitted in the last week. We hope the return will surpass 1.0 million this year," Basir Uddin said.
Last year the NBR received 757,000 tax returns within the deadline of November 12, but the number of returns increased by 70,000 until June 30, he said.
He made it clear that the revenue board would neither extend the time for tax fair nor tax return submission.
Meanwhile, another FE report adds: Leading chambers including the apex trade body Tuesday urged the government to extend tax return submission time by at least a month, considering the Eid holidays.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Dhaka Chamber of Commerce and Industry (DCCI), and Bangladesh Chamber of Industries (BCI) have sent letters to the revenue board, requesting to extend time up to October 31.
The time for individual tax returns is scheduled to expire on September 30 (tomorrow).
Chamber leaders said the government announcement not to further extend the time for tax return came just 15 days before the deadline.
They found the time "insufficient" for businessmen who have expected time extension just like previous years.
"A good number of our members of the business community, in general, and DCCI members, in particular, are yet to be ready to submit their returns due to Ramadan and holidays for Eid-ul-fitr," DCCI president Abul Kasem Khan wrote.
BCI president Shahidul Islam Helal said: "At least one month time extension is needed for return submission as there was few working days in September due to Eid holidays."
"Success of the tax fair proves that the NBR has been able to motivate the people on payment of income tax," he said.
National Board of Revenue (NBR) Chairman Dr Nasiruddin Ahmed Tuesday declined to accept any request to extend the time for individual tax return that would expire on September 30.
He said according to the income tax law September 30 is the last day of tax return submission and 'September 30 means September 30'.
"People must build up the culture of payment of tax within the deadline," he said at a press briefing on the NBR premises in the city.
Taxpayers can apply to the deputy tax commissioner (DCT) prior to seeking extension of deadline, he said.
A DCT can give a three-month time extension to a taxpayer in response to a petition.
NBR member (income tax administration and monitoring) Basir Uddin Ahmed said: "The taxpayers can avail the universal self assessment facility from this year after submitting the petition."
Earlier, individual taxpayers could avail the facility until September 30. They had to submit tax return in the general method, which is not restricted for auditing, for extending time with petition.
The tax member also ruled out any possibility of time extension saying that only natural calamity would be considered as a valid reason for time extension.
Last year, the revenue board extended the deadline twice, first until October 31 and then November 12, as some areas of the country were affected by natural disaster.
"Around 70 per cent of the tax returns are usually submitted in the last week. We hope the return will surpass 1.0 million this year," Basir Uddin said.
Last year the NBR received 757,000 tax returns within the deadline of November 12, but the number of returns increased by 70,000 until June 30, he said.
He made it clear that the revenue board would neither extend the time for tax fair nor tax return submission.
Meanwhile, another FE report adds: Leading chambers including the apex trade body Tuesday urged the government to extend tax return submission time by at least a month, considering the Eid holidays.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Dhaka Chamber of Commerce and Industry (DCCI), and Bangladesh Chamber of Industries (BCI) have sent letters to the revenue board, requesting to extend time up to October 31.
The time for individual tax returns is scheduled to expire on September 30 (tomorrow).
Chamber leaders said the government announcement not to further extend the time for tax return came just 15 days before the deadline.
They found the time "insufficient" for businessmen who have expected time extension just like previous years.
"A good number of our members of the business community, in general, and DCCI members, in particular, are yet to be ready to submit their returns due to Ramadan and holidays for Eid-ul-fitr," DCCI president Abul Kasem Khan wrote.
BCI president Shahidul Islam Helal said: "At least one month time extension is needed for return submission as there was few working days in September due to Eid holidays."
"Success of the tax fair proves that the NBR has been able to motivate the people on payment of income tax," he said.