NBR extends income tax return submission deadline to Dec 31

The National Board of Revenue (NBR) has decided to extend the deadline for income tax return submission amid a surge in coronavirus infections and deaths.

The last date for filing income tax returns is now December 31, said NBR Chairman Abu Hena Md Rahmatul Muneem in a media briefing on Monday.

The move comes after the NBR chief said the previous day that the deadline won’t be extended past November 30.

This year, the countrywide income tax fair could not take place because of the pandemic, but all the taxes zones are providing the facilities that usually exist in the tax fair.

As of Thursday, about 1.32 million tax payers filed returns, up by 9.8% year-on-year.

Tax payments amounting to Tk 2,308 crore were cleared, down from last year’s Tk 2,580 crore, according to the NBR.

Only 4.6 million out of the population of 160 million have the Taxpayer’s Identification Number (TIN) and about 2 million submit returns every year.