Finance Minister praised the increased number of students and young entrepreneurs for their outstanding contributions to the country’s development and their enthusiasm in paying taxes.
He was speaking as the chief guest at the inauguration of the Tax Week at the new building of National Board of Revenue in Dhaka yesterday.
“If the current taxpaying practice goes on, Bangladesh would reach the middle-income level before 2021 and turn into a developed country before 2041,” Muhith said.
In the current fiscal year, NBR raised the number of Tax Cards to 141 from 20.
The cards were given to taxpayers for their outstanding contributions to the national exchequer.
NBR also honoured a total of 517 taxpayers including 370 that paid highest tax and 147 long-time taxpayers from district levels.
Industries Minister Amir Hossain Amu was also present at the programme as a special guest.
In his address, Amu said the ongoing taxpaying practice has inspired the government to take up mega projects like Padma Bridge without any foreign fund.
The minister suggested utilising the country’s resources to turn it into a developed country by 2041.
As collection of tax is on the rise, the government would take necessary steps to make education free up to the university level, he said.
The ministers congratulated students who took part in the competition about tax under “Tax Education Forum” at the last tax fair.
The winners received prizes and certificates at a prize-giving ceremony. The event aimed at growing awareness among students of paying tax.
The National Board of Revenue awarded a total of 141 highest taxpayers under three categories at the ceremony on the first day of income tax week.
A total of 76 persons under individual category, 57 under company category and 8 under other categories will be awarded with tax cards.
The card holders will have the privilege to attend state programmes and get priority in receiving services provided by the government.
NBR Chairman Nojibur Rahman presided over the inaugural function of Tax Week.
In his speech, Nojibur said the revenue authority has taken a number of initiatives to inspire taxpayers and ease the system of paying tax.
NBR has increased the number of tax cards, launched e-filing and online services, arranged tax fair yearly and finally tax week from November 24 to 30 for the first time.
The revenue authority has set record with Tk2129,67,75,811 crore collected from the recently held weeklong tax fair.