• Monday, May 16, 2022
  • Last Update : 04:24 pm

NBR eyes Tk1,500cr revenue in forthcoming tax fair

  • Published at 08:49 pm September 2nd, 2014
NBR eyes Tk1,500cr revenue in forthcoming tax fair

The National Board of Revenue has set a target of Tk1,500 crore revenue collection from the weeklong income tax fair scheduled to begin on September 16.

We are expecting to collect Tk1,500 crore from the fair as the last year's collection exceeded Tk1,100 crore target. The fair is expected to help widen the tax net as well as ensure increased revenue collection,” an NBR official said.

The board has already formed a convening committee led by its member Chowdhury Amir Hossain to observe the fair properly, he said, adding that a press conference will be organised on September 14 to disclose the details of the programme.

The Income Tax Fair has been a core interest to taxpayers for submission of their returns as they can file them through one stop services.

It is alleged that the tax authority's field officials harass the taxpayers while filing the returns, and so the taxpayers wait for the fair which undertakes a huge preparation to satisfy the needs of taxpayers.

This year, the nationwide fair will be held for four days simultaneously in all 64 district headquarters while the divisional headquarters will observe it for seven days.

The revenue authority is hoping that the fair would help face the challenge of achieving the revenue target of Tk1.49 crore for the FY 2014-15.

The fair will offer Electronic Taxpayers Identification Number (E-TIN) registration, income tax payment, submission of income tax returns by taxpayers etc.

There will be booths of Sonali Bank and Janata Bank to facilitate tax-related transactions and some booths will also be set up to facilitate E-TIN registration.

Finance Minister AMA Muhith is likely to inaugurate the fair on September 16.

On September 15, the board will also award tax cards to the entrepreneurs considering their contribution to the national exchequer.

The fair will remain open for visitors from 10am to 6pm. Last year, the revenue body collected Tk1,117 crore in income tax from the fair, surpassing its target of Tk1,100crore.

A total of 5.10 lakh people received services from the fair and the board had received tax returns from around 1.32lakh taxpayers.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail