4pc jump in tax collections

The Independent
Wednesday, 13 October 2010

Anis Alamgir

A record number of tax payers have submitted their tax returns for the financial year 2010-2011 amounting to Tk. 9.72 billion. Last year the total tax collections stood at Tk 8.5 billion for the financial year 2009-10.
This is almost 4 per cent jump in tax collections over last year.
The National Board of Revenue (NBR) sources say, around 9.25 lakh people submitted their returns till the last day of the submission on Oct 7. Around 8. 25 lakh tax payers submitted their returns last time.
The NBR directed the concerned department to take tough action against those who fail to submit their return on time.
However, anyone can submit his/her tax return with a 10 per cent fine- a minimum of Tk. 1000, during the whole year.
Top sources say the tax collection operations will be carried out even at the Upazila level.
Talking to the Independent NBR member Bashir Uddin Ahmed said this is the first time such a large number of people submitted their returns. Ahmed expects that the number of returnees will go up further since a number of tax payers will be filing their returns throughout the year.