Finance Minister AHM Mustafa Kamal has proposed to introduce provision of disconnecting utility service connections like gas, electricity, water, in case of failure to pay the undisputed revenue demand of the government.
The minister made the recommendation while presenting the budget proposal for the fiscal year 2022-23 on Thursday.
The finance minister said: “The number of populations belonging to the middle class and above is about 40 million in our country, but most of them are not paying income tax. Hence, necessary steps are being taken to prevent tax evasions and to bring all the people who have taxable incomes under the tax net.
“We are working with the aim of increasing the number of TIN holders to 10 million, and in the last four years, the number of TIN holders has increased on average more than one million a year. By April 2022, we have been able to raise the number of TIN holders to 7.51 million,” the minister said.
Kamal said by March 2022, the number of tax returns has increased to 2.9 million. “We are working on simplifying tax return to make it easily understandable, and in one page for individual tax-payers. Apart from that, return submission will be made mandatory for everyone except a few cases.”