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Tax return deadline concludes with last moment rush

  • Published at 11:14 pm December 2nd, 2018
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Taxpayers submitting tax returns at a tax circle office in the capital, as the last date for return submission for individual taxpayers ends on Sunday Syed Zakir Hossain/Dhaka Tribune

Previously, they had decided to extend the deadline by two more days till yesterday for filing tax returns, after it was found that the last day of submission was Friday

The National Board of Revenue (NBR)’s extended deadline submitting income tax return for 2017-18 fiscal year ended yesterday amid positive response from taxpayers.

“We received a very good response from taxpayers this year, which is expected to be higher this year compared to the previous year,” said Ziauddin Mahmud, member (income tax admin) at NBR.

Previously, they had decided to extend the deadline by two more days till yesterday for filing tax returns, after it was found that the last day of submission was Friday.

This opportunity to extend was allowed to taxpayers by the Income Tax Ordinance, but it will also be necessary to count the fine as well as interest on the taxes determined.

Tax officials concerned said the total number of tax returns of individual taxpayers and their tax amounts will be finalized today, as getting the information from tax circles outside the capital requires time.

Visiting a number of tax circle offices in the capital, we found a huge number of taxpayers were availing the last moment chance to file tax returns.

The NBR arranged the tax fair across the county to provide various types of services to taxpayers.

According to them, the fair fetched Tk2,468.94 crore from across the country, which is 11.35% higher than last  year. Last year, the deposited amount of tax during the seven day-long fair was Tk2,217.33 crore.

This year, some 1,636,266 people availed various kinds of tax-related services at the nationwide fair, against 1,169,569 last year.

Last year, some 335,487 taxpayers submitted their income tax returns at the fair, while the number stood at 487,573 this time, whereas the number of new electronic Tax Identification Number (e-TIN) takers is 39,743 this year, against 29,254 last year.

Some 3,770 taxpayers submitted their income tax returns, while some 1,160 taxpayers made e-payments on their tax dues,bringing in tax revenues of Tk10,048,685.