Budget FY21: Tk2,000 rebate for taxpayers filing returns online for the first time

In his speech for the national budget for the 2020-21 fiscal year, Finance Minister AHM Mustafa Kamal has said that the highest priority has been given to the digitalization of the National Board of Revenue (NBR).

“I hope that we will be able to materialize this digital transformation in the quickest possible time, and as an outcome, the valued taxpayers will be able to pay taxes as well as file their income tax returns online with utmost ease and comfort,” the minister said while presenting the budget at the parliament on Thursday afternoon.

Besides, for popularizing the option of online payment of taxes and online submissions of tax returns among the taxpayers, the minister proposed a tax rebate of Tk2,000 to all the taxpayers who will file their income tax returns online for the first time.

“I hope this will highly encourage the taxpayers to submit their income tax returns online, which will in turn expedite the process of the digital transformation of NBR,” he said.