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Dhaka Tribune

Muhith: 2% people to be brought under tax net by 2020

Update : 15 Sep 2015, 07:23 PM

Finance Minister AMA Muhith has hoped that the total number of the taxpayers will be increased to 40 lakh, which is 2% of the total population, by fiscal year 2019-20.

The minister expressed his optimism while addressing a ceremony organised in recognition of the contributions of the country’s highest and long-time taxpayers in the capital yesterday.

To mark the National Income Tax Day, the National Board of Revenue (NBR) organised the programme at a city hotel with its chairman Nojibur Rahman in the chair.

Speaking as chief guest, Muhith said, “Currently, only 11 lakh, out of 16 crore people, pay their due taxes, which is less than 1%. It’s a shame for us being a nation and we’ve to come out of the miserable state.”

“To come out from the prevailing situation, we have set a target and I hope the number of the total taxpayers will be 40 lakh or 2% of the total population by FY2019-20,” said the minister.

“Although it’s a big challenge and ambitious, I have plans on how to achieve it.”

Muhith stated that if we could reach the target, the government would be able to offer more facilities to its people.

The tax GDP ratio in the country is 10%, while it is much higher in many undeveloped countries.

“It’s a matter of shame. We’ve to recover the country from this situation,” he said.

Referring to the allegations raised by the business representatives on tax related issues, the minister said, “There are no reliability in such allegations that the tax authorities don’t collect tax from them properly and put undue pressure on them. The government has already instructed the tax officials not to force businesses in future.”

State Minister for Finance M A Mannan and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Abdul Matlub Ahmed attended the programme as special guests.

At the programme, the tax authorities awarded 20 highest taxpayers, including 10 individuals and 10 companies, with the prestigious tax cards for paying the highest income tax at the national level in FY2014-15.

According to the list of national taxpayers, the US-based Chevron Bangladesh Block 12 Limited tops the highest corporate taxpayers’ category though the company does not pay taxes by itself, rather it is the state-owned Petrobanglathat pays taxes on behalf of the company.

The other ward winning companies are- KarnaphullyFertiliser Company Ltd (KAFCO), Infrastructure Development Company Ltd (IDCOL), Bangladesh Export Processing Zones Authority (BEPZA), Bangladesh Petroleum Exploration and Production Company Limited (BAPEX), Toma Construction, Central Depositary Bangladesh Limited (CDBL), Commercial Bank of Ceylon, the Security Printing Corporation and Uttara Finance and Investment Limited.

In the list of individual taxpayers, Hazi Mohammad KausMia topped the list while the other taxpayers are-GolamDastagirGazi, MdNasirUddin and Abdul Muktadir.

Six individual taxpayers from a family representing ATI Limited, a leading business house in the country, were also awarded in the category. They are-Mohammad Yusuf, RubaiyatFarzanaHossain, LailaHossain, HosneAraHossain, KhwazaTajmohol and MA Haider Hossain.

These 20 highest taxpayers were awarded in line with the National Tax Card Giving Rules-2010. The cardholders will have the privilege to attend the state programmes and get priority in transport while their family members will also get priority in medical services.

Meanwhile, the NBR has awarded a total of 367 long-term and highest taxpayers in the country.Among them, 50 taxpayers are from 10 city corporations, including two as long time taxpayers and three as highest taxpayers from each city corporations for their immense contribution to the national exchequer in the fiscal year 2014-15. Rests of the taxpayers were awarded under district categories.

During the central programme in Dhaka, Finance Minister AMA Muhith has handed over crests and certificates to a total of 110 taxpayers, including 90 highest and long time taxpayers under Dhaka Division.

The taxpayers from other districts and city corporations were awarded in different programmes in the nine city corporations.

Meanwhile, the national Income Tax Fair-2015 will begin today across the country aiming to increase revenue through expanding the number of the taxpayers to 30 lakh by the fiscal year 2018-19.

During the fair, the NBR will offer people various services including online facility for submitting income tax return and registering for e-TIN certificate. 

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