Income tax collection marks 12.6pc growth in 7 months

Income tax collection witnessed a 12.6 per cent growth in the first seven months of the current fiscal (FY 2017-18) as the revenue authorities collected Tk 32,755 crore, up Tk 3,595 crore from the same period of the previous fiscal (FY2016-17), reports BSS.

During the July-January period of FY2016-17, National Board of Revenue (NBR) collected Tk 29,160 crore as income tax.

"We're getting response from taxpayers . . . they are now more conscious about the payment of income tax. It is the outcome of our income tax friendly measures . . . we are carrying out awareness building campaign and using information technology to encourage people to pay tax," said NBR member (Income tax Admin) Md Abdur Razzak.

Talking to the news agency, he said, the NBR has also intensified its monitoring to check tax dodging.

Submission of tax returns witnessed a 36 per cent rise during the July-January period of FY2017-18 as the NBR received 16 lakh returns, which were 12.48 lakh in the previous fiscal. At present, there are 33 lakh e-TIN holders in the country, according to the NBR.

 

Income tax collection marks 12.6pc growth in 7 months

Income tax collection witnessed a 12.6 per cent growth in the first seven months of the current fiscal (FY 2017-18) as the revenue authorities collected Tk 32,755 crore, up Tk 3,595 crore from the same period of the previous fiscal (FY2016-17), reports BSS. During the July-January period of FY2016-17, National Board of Revenue (NBR) collected Tk 29,160 crore as income tax. Were getting response from taxpayers . . . they are now more conscious about the payment of income tax. It is the outcome of our income tax friendly measures . . . we are carrying out awareness building campaign and using information technology to encourage people to pay tax, said NBR member (Income tax Admin) Md Abdur Razzak. Talking to the news agency, he said, the NBR has also intensified its monitoring to check tax dodging. Submission of tax returns witnessed a 36 per cent rise during the July-January period of FY2017-18 as the NBR received 16 lakh returns, which were 12.48 lakh in the previous fiscal. At present, there are 33 lakh e-TIN holders in the country, according to the NBR.