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Concerns over mismatch of tax collection figures

  • Published at 01:20 am January 8th, 2017
Concerns over mismatch of tax collection figures
They are Office of the Controller General of Accounts, Bangladesh Bank and National Board of Revenue, said official sources. CDMC of the Finance Division recommended compulsory use of treasury chalans instead of pay orders/demand drafts/ account payee cheques for any types of forgery. It also asked the NBR to form a technical committee on the matter, according to the minutes of a recent CDMC meeting. The figure of the mismatch is Tk9,000 crore which was previously Tk10,000 crore. The committee suggested solving the problem immediately involving the authorities concerned. This is to reduce irregularities and enhance transparency in the country’s revenue collection process. The difference in tax revenue collection figures between the NBR and the CGA office increased nearly five times over the fiscal years between FY2014-15 and FY2012-11. The forgeries of chalan are not possible currently because the online verification of the chalan is now possible in the government system. “We have already formed a committee for adjust the mismatch that has already reduced over last two years,” Senior Finance Secretary Mahbub Ahmed told the Dhaka Tribune. “Finance minister wants to stop all kinds of forgery in collection of revenue in field-level,” he said. Mahbub Ahmed said the board needs to clarify a few issues including the big mismatch between the CGA office and the NBR revenue figures. Earlier, the research and statistics wing of the NBR reviewed the data of FY2013-14 when mismatch was found Tk9,398 crore. In an analysis, the NBR has identified data of its three income tax zones where mismatch is around 95% with that of the CGA office. It found difference in tax collection data amounting to Tk4,616 crore with the three tax zones. Officials of NBR said the NBR is going to hold some internal meetings with its tax offices to analyse the situation before holding a meeting with the CGA office to find out the reasons behind the mismatch.