Tax education will get priority at this year’s income tax fair to be held in mid-September in Dhaka.
The objective of revenue earnings comes later, said an official as the National Board of Revenue is preparing for the annual event.
“Revenue earnings will not be the core concern, but importance will be given on tax education and awareness,” he said. “So, there’ll be no target for revenue collection from the fair.”
The revenue authorities decided to dedicate 10 booths to be set up for the income tax fair 2013 for tax education and awareness building.
“This year our main target is to aware and educate people about the need of Taxpayers Identification Number. The dedicated booths will support the existing taxpayers and interested ones to pay taxes through E-TIN,” the official said.
On previous occasions, NBR set up around 10 booths at the tax circle offices, but this year, no booths will be there. Instead, all the 10 booths will be set up at the fair venue at the Officers Club premises.
There will also be 6-7 booths of Sonali Bank and Janata Bank to facilitate tax-related transactions, the official said.
This year, the revenue body will award five top taxpayers from each district and five top taxpayers from each city corporation for their contribution to the national exchequer.
To award tax card, it already made a list of 40 entrepreneurs considering their contribution to the national exchequer in the financial years 2010-11 and 2011-12.
The NBR will award 40 taxpayers, including 10 individuals and 10 corporate taxpayers, but the list has not been finalised yet.
“We have initially prepared the list of people to be awarded with the tax cards, but we will send the list to the finance ministry for approval. The list will be finalised after approval by the cabinet division,” the official said.
The fair will remain open for visitors from 10am to 6pm. The visitors would be offered to get the electronic TIN registration instantly and other income tax related services.
Last year, the revenue body collected Tk8.39bn in income tax from the fair. A total of 347,523 people received services from the fair and the board had received tax returns from around 100,000 taxpayers. Fresh TIN was issued to 16,402 people.