Seven-day fair in capital, four-day in districts and two-day in upazilas
Yearly income tax fairs are going to begin on Thursday at 120 different spots across the country, including the capital.
National Board of Revenue (NBR) made the announcement on Tuesday in a press briefing at the NBR office in the capital.
NBR Chairman Md Mosharraf Hossain Bhuiyan was present, among others.
The week-long fair in the capital would continue till November 20, while fairs at district levels would run for four days, the NBR informed.
Besides, the NBR will arrange a two-day fair at 48 upazilas and a daylong mobile fair at eight upazilas.
Finance Minister AHM Mustafa Kamal is scheduled to inaugurate the capital’s fair at Officers Club at 1pm on Thursday.
Starting at 9am, the fair will continue till 8pm.
Taxpayers will be able to file tax returns, pay taxes and do other related tasks at the fair venue with the assistance of tax officials. Besides, one can get electronic Tax Identification Number (e-TIN) at the fairs.
The NBR launched the tax fair in 2010 to encourage people to pay taxes in a hassle-free environment. The fair was an immediate success.
The NBR chairman said the tax fair was an inspiring event for them as people willingly joined the fair to avail services and pay taxes.
“The country’s development depends on revenue, which is why we need huge revenue earnings,” said Mosharraf, adding that the country’s tax to GDP ratio should be enhanced to 20% from the current levels of only 10%.
Mosharraf said the government was now emphasizing the direct tax for lessening the social discriminations along with the country’s developments.
662 to get awards
The revenue board will award 662 individuals and corporate taxpayers for paying the highest amount of income tax in different categories in the last fiscal (FY2018-2019) year.
They will get tax cards, crests and certificates at a program at Hotel Radisson Blue Water Garden in the capital thursday evening.
Of them, 141 entities will be awarded tax cards for their highest tax payments, while 521 individuals at district and city corporation levels will receive crest and certificate for payment of high income tax for a long time.
Finance Minister AHM Mustafa Kamal will grace the program as chief guest.
What’s new for this year fairs
This year the revenue board included mobile financial services such as Bkash, Rocket, U Pay, Nagad, and Sure Cash for tax payments. Tax payers will be able to pay their taxes using their mobile phone wallet as well.
Besides, the NBR launched a website, www.aykormela.gov.bd, targeting the fair for the first time. Users can get any fair related information from the site.
Tk3,000crore revenue expected
“This year we expect to collect Tk3,000 crore from the fairs,” said NBR chief.
The NBR has a target of collecting Tk115,588 crore from the head of income tax in the current 2019-20 fiscal year, while the target of total revenue is Tk325,600 crore for whole of the fiscal year..
The NBR collected Tk2,468 crore in income taxes last year from the fairs, while 16,36,266 people take services from the fair venues.