The cabinet has approved the draft of the “National Tax Card Policy 2010 (Amendment)” by increasing the number of the card holders as 125 instead of 20.
The national tax card is an honour bestowed upon individuals and organisations who file for the largest amounts of taxable income. The holders are honoured with a crest and card that marks them out as the biggest source of tax revenue in the country.
A regular cabinet meeting chaired by Prime Minister Sheikh Hasina gave the approval at the Secretariat on Monday afternoon.
Cabinet Secretary Shafiul Alam briefed the reporters after the meeting at the secretariat.
He said “Earlier, 10 persons and 10 organisations received the tax card. But after the amendment today, now a total of 125 individuals and organisations will be eligible for the tax card.”
“Of them 64 individuals, 50 organisations and 11 other entities will receive the tax card,” he added.
Cabinet secretary said “The national card holders will be nominated under the policy for the highest tax payers. The selected cardholders will receive five special facilities like invitation to attend any national programmes, allow to use VIP lounge of airport and priority to book the star hotel.”
The cabinet has also approved the draft of the Wheat and Maize Research Institute Act and draft of the Jute Research Institute Act.
Cabinet secretary said the cabinet gave the finance minister the authority to raise the number of national tax cards, if necessary, after consultation with the NBR in this regard.