The National Board of Revenue (NBR) has decided to launch a drive to detect the fake Tax Identification Numbers (TINs) for preventing its use by dishonest people on various purposes.
The NBR will conduct an investigative survey to contain the use of fake TINs by a section of dishonest people, a senior NBR official involved with Income Tax wing told UNB.
According to the NBR sources, the revenue collecting authority has recently got a lot of allegations that unscrupulous people are evading tax through using fake TINs across the country.
“The rate of using fake TINs has got a little bit higher in recent times and that’s why the NBR has decided to go against these errant individuals,” the official said.
Using fake TIN is a punishable offence as per the Income Tax Ordinance. As per the 124 (A) rules of the Ordinance any individual or organisation would face the punishment along with monetary fine if found guilty of using fake TINs. The punishment is three years of imprisonment or Tk50,000 fine or both.
NBR officials said people are using fake TINs due to its wide range of use.
The number of income tax return was 10,26,913 out of 1.8 million TIN holders until the last date of November 30 last year.
This year, the government has also extended the deadline for submitting the income tax return by two months. The deadline for the submission will end one November 30 like the previous year.
According to the Income Tax Ordinance, the punishment for not submitting income tax return is Tk1,000 for one time and Tk50 for each delayed day.
NBR is thinking to get tougher against the errant taxpayers as it would be easier for them to catch the taxpayers as they have taken e-TIN that requires the National ID.
