The National board of Revenue is likely to extend deadline for submission of income tax returns by another 15 days for individual taxpayers, said a high official.
He said the individual taxpayers may submit their returns till November 15. The present deadline is till October 31.
On September 30, the NBR deferred deadline till October 31.
Following requests from different trade chambers and individual taxpayers, the revenue body is considering to extend the deadline. However, the decision will be announced tomorrow.
Meanwhile, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought one-month extension of deadline to submit returns through November.
“Many taxpayers said they could not submit returns due to vacation of Eid-ul-Azha and Durga Puja. So, they are requesting for extension of deadline,” the official told the Dhaka Tribune.
He added: “Political turmoil has made many unable to submit their income tax returns within the deadline.”
Besides, many taxpayers are yet to be registered with the E-TIN system, said another NBR official, which could also necessitate the deadline extension.
NBR sources said there are around 1.7m TIN holders across country and majority of them are yet to submit income tax returns.
The taxpayers will need to be registered with E-TIN to submit returns.
According to income tax ordinance, the NBR can fine Tk1,000 or Tk50 per day if any TIN holder fails to submit tax returns within the deadline.
Last year, the NBR extended deadline of income tax returns submission twice allowing the TIN holders submit returns till November 15.
Meanwhile, FBCCI in a statement on Tuesday said it already sent a recommendation to the NBR and the finance ministry to defer the submission date till November 30.
