• Friday, Nov 16, 2018
  • Last Update : 02:52 am

Tax Fair across the country to begin on Nov 13

  • Published at 07:47 pm September 9th, 2018
NBR
The National Board of Revenue (NBR) office in Dhaka Mehedi Hasan/Dhaka Tribune

Different booths will be installed at fairs for e-payment and facilitating freedom fighters, women, people with disabilities and elderly taxpayers

The yearly Tax Fair will begin across the country on November 13 in a bid to facilitate taxpayers and rope in more potential ones as the country’s tax-GDP ratio is one of lowest in the global perspective.

The Fair to be held at the Officer’s Club in the capital will continue till November 19, at district level the fair will be for four days and at the upazila level the duration of the fair has been fixed for two days, a top official at the revenue board said.

Taxpayers would be able to file tax returns and do other related tasks in the fair with the assistance of taxmen. Different tax officials will help the taxpayers while they submit their returns.

The annual show, which has got increasing popularity since its beginning in 2010, is expected to draw more attention this time from different quarters, a senior tax official said.

Ziauddin Mahmud, member (Tax administration and Human Resources Management) of the National Board of Revenue (NBR), told Dhaka Tribune, “We will organize the fair to aware people and increase taxpaying culture.”

Asked, about the new features for the upcoming fair, he said, “The new things in this year’s fair are to educate taxpayers about taxation policies and tax return method through broadcasting audios and videos.”

“Besides, the taxpayers can also ask the tax officials about tax related quarries through tele- learning system. New taxpayers can collect the e-TIN (electronic tax identification number) at the fair venue while they can also collect the e-TIN through re-registration,” he added.

ifferent booths will be installed at fairs for e-payment and facilitating freedom fighters, women, people with disabilities and elderly taxpayers.

Ziauddin Mahmud further added, “Actually we hold such fair only to motivate people, especially the new taxpayers. Everybody will pay tax as per law. Our main aim is to build up a good relation with tax payers”

The government set a target to earn Tk 102,201 crore from the head of income tax in the current  2018-19 fiscal year.

The NBR collected Tk 2217 crore  in taxes at the last year’s tax fair of 2017 year, up 4.12% from Tk 2212 crore in the fair of 2016.

According to NBR data, as of June 2018, there are about 3.5 million TIN holders, of which about 1.95 million submitted tax returns in the last fiscal year. The tax-GDP ratio of the country is little above 10 per cent as of June, 2017, shows government data.