Thursday, September 17, 2015

Income Tax Fair


We finish the week with a short post about Income tax, fitting since it started off with taxes as well, although on the wrong side of the public agenda.

The annual national income tax fair is being held in Officer’s club in Bailey road, Dhaka and also at Agrabad in Chittagong, aiming for rasiing awareness and motivating people for paying tax and widening the tax net. Of 16 crore people, only 17 lakh Tax identification Number (TIN) is present, from which even only 12 lakh filed tax returns last year. This was admittedly short of the goals of bringing 50% of public revenues through income tax by 2022.

The fair has facilities of online TIN generation (e-TIN) for new tax payers, re-register for replacing old TINs and depositing tax amounts at Sonali and Janata Bank booths, all in a hassle free environment with full assistance, which was mostly absent in NBR offices.

Apart from main cities for a week and district towns for 4 days the tax fair will be held in 86 upazillas between September 16-22.

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