The National Board of Revenue (NBR) has taken an initiative to generate huge revenue through swift settlement of thousands of revenue-related cases pending with different courts of the country for years.
Wishing anonymity, a senior NBR official said: “This is not a negligible amount and it increases day by day as cases pile up."
As the part of the move, the NBR arranged a two-day workshop on "management of under-trial revenue-related cases in the higher court" held at BCS Tax Academy on Monday.
Attorney General (AG) Mahbubey Alam was the chief guest at the inaugural session.
He asked the NBR to strengthen the communication between the NBR and his office for quick resolution of the pending cases.
"From the NBR we requested the AG office to give special attention to the NBR related cases especially the revenue related cases which have been piled up for a long time," an NBR source said.
He said that NBR chairman Md Nojibur Rahman also asked the concerned officials to expedite the Alternative Dispute Resolution (ADR) taking advices from the AG office for settling down the pending cases.
Among the pending cases, the income tax related cases are the highest in the number while the highest amount of money is stuck in the VAT related cases.
The NBR official said that emphasis has been given to utilise the ADR system to settle these cases in the meeting. As part of this initiative, a number of focal point officials have been appointed for each wing.
The NBR introduced ADR on July 1, 2012 to speed up disposal of the revenue-related cases through out-of-court settlement.
"The NBR chairman also asked the officials to take all out efforts to realise the outstanding taxes," the NBR official said.
He said that the NBR has decided to take these efforts as it got a gigantic target of Tk203, 212 crore which is 35.4% higher than the revised target of the 2015-16 fiscal.
VAT will be the biggest contributor with Tk72,764 crore. Tk71,940 crore will come from income tax and tax on profit, supplementary duty will contribute Tk30,075 crore, excise duty Tk4,449 crore, export duty Tk44 crore and other taxes and duties will contribute Tk1, 428 crore.
He added: “We have taken steps from the start of the fiscal year to achieve said target.”