NBR Fresh Move to Award More Taxpayers

(Last Updated On: 12/17/2016)

For this year, the National Board of Revenue (NBR) is going to award a total of 300 taxpayers under 3 new categories for paying the highest amount of tax to the government exchequer.

 

About 100 taxpayers are under each category – young, female, and a combined category. The taxpayers will be recognised for their contribution on the basis of their income tax statement and tax payment figure as paid in the fiscal year 2015-16.

 

The taxes authorities have taken up the fresh move to encourage more people to pay tax to make the overall tax net wide and also to ensure increased revenue collection.

 

The NBR had to take up the fresh move as it found that the contribution of young and female taxpayers is on the rise but still they are being deprived of getting any recognition from the state.

 

Previously, country’s revenue authorities were mostly awarding heavyweight taxpayers, mostly businesses, considering the volume of payments.

 

Other professionals like doctors, lawyers, teachers, chartered accountants, engineers were apparently failed to secure their positions in the prestigious tax card winners list given by NBR, though they have contributed to the government exchequer.

 

So, it is a belief that, the new move for recognising their contribution would encourage more people to pay tax.

 

“As part of encouraging people to pay tax, we have taken up the move to publish a list of 100 highest taxpayers and it will continue in coming years,” NBR chairman Md Nojibur Rahman told reporters earlier at a meet the press programme on 30 October.

Towards Biz

Editor

Towards Biz is one of the dedicated news agency focused on Bangladesh Lubricants Oil Market.

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