• Sunday, Sep 22, 2019
  • Last Update : 06:20 pm

Record turnout in six days of income tax fair

  • Published at 10:40 pm November 18th, 2018
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Taxpayers on the sixth day of the Tax Fair, at the Officers’ Club on November 18, 2018 Mehedi Hasan/Dhaka Tribune

Like the previous five days, the trend in availing e-Taxpayer Identification Numbers (e-TINs) skyrocketed Sunday when 7,107 e-TINs were issued, up from 1,233 e-TINs registered on the same day a year ago

The income tax fair on Sunday pulled a crowd of 227,367 visitors and taxpayers, raising their number to 1,375,939 in six days of the annual event-- the highest since its first edition in 2010.  

In 2017, the week-long income tax fair saw a turnout of 1.1 million people, while the figure in the first six days that year stood at 944,090, which was 45.74% less than the number of visitors recorded till on Sunday.

Like the previous five days, the trend in availing e-Taxpayer Identification Numbers (e-TINs) skyrocketed Sunday when 7,107 e-TINs were issued, up from 1,233 e-TINs registered on the same day a year ago. 

The government earned Tk3,412,973,476 in income tax, pushing up the amount to around Tk1899.39 crore in the six days.

Total income tax collection at the fair last year was more than Tk2,217 crore against the sum of Tk 2,129.68 crore in 2016. The NBR collected Tk 2,035.32 crore in income tax from 1,61,060 taxpayers during the week-long fair in 2015.

As many as 69,363 taxpayers submitted their returns on Sunday, posting a year-on-year rise of 20.76%. With yesterday’s tally, the number of taxpayers shot up to 412,196 in the six days of the fair, which is more than double the figure recorded over the same period a year earlier. 

The NBR will host a concluding ceremony of this year’s fair at its venue in Dhaka at 7pm today, with NBR Chairman M Mosharraf Hossain Bhuiyan in the chair.

The ninth edition of the fair began across the country on Tuesday, aiming at raising the number of taxpayers and augmenting tax income to increase the country’s tax-GDP ratio.

Hoping to facilitate tax-related transactions and help visitors, 44 e-TIN registration booths, two e-payment booths, 72 return filing booths, 50 help desks, and two emergency health booths have been set up on the fair premises at the Officers’ Club in Dhaka.

The fair is underway in all divisional headquarters. It will also take place for four days in 56 districts, two days in 32 upazilas, and one day in 70 upazilas. 

On November 12, a day before the fair started, the NBR awarded tax cards to 76 individuals, 54 organizations, and 11 other entities, in recognition of their outstanding contributions to the national exchequer in the last fiscal year.