While there are around 1.7m TIN holders across the country, only 845,000 have submitted their tax returns this fiscal year.
The number is even less than that of last year which was 1.3m.
Although the National Board of Revenue had extended deadline for two months separately till November 30, the response remained lacklustre.
The possibility is therefore now bleak to reach revenue collection target this fiscal.
The NBR has set collection target at Tk1,49,720 crore for FY2014-15.
“We hoped the total number of (income tax return) submissions will reach 1.3m,” said a tax official yesterday.
A number of 195,000 taxpayers have applied to deputy tax commissioners for more time to submit tax returns.
NBR official said they will be given the chance. According to the latest data of revenue board, the taxes received so far from 800,000 individuals amount to Tk1,390 crore.
In the same period last year the collection was, however, Tk1,288 crore.
A high revenue official said the total number of taxpayers who have submitted income tax returns this year could rise after receiving more detailed data from across the country.
“The data will be available in a day or two as the field offices will send updated data soon,” he told Dhaka Tribune yesterday.
Officials said that the revenue board would take action against the people who did not submit their returns despite having taxpayer’s identification number.
According to the Income Tax Ordinance-1984, tax officials can impose a penalty of Tk1,000 at a time and Tk50 for each day delay for non-submission of returns.
