NBR to increase awards for top taxpayers

The National Board of Revenue (NBR) has decided to increase the number of awards for the taxpayers who have long been paying the highest tax alongside raining facilities for them, reports UNB.
The NBR decided to introduce two more categories -- female and under-40 highest taxpayers -- for giving the award, aiming to encourage them and motivate others.
The NBR, meanwhile, has taken a plan to amend the policy for awarding the district-based highest and longest income taxpayers.
Currently, the NBR is awarding three highest income taxpayers and two longest income taxpayers from each district and city corporation. "We’ve planned to give the highest honour and privileges to taxpayers through amending the policy that was formulated in 2008," an NBR senior official told the news agency.
There is also a proposal to increase the number of tax cards for the taxpayers from 50 to 57 at the individual level.
These cardholders will get privileges in government hospitals, airlines and other public transports, and to be invited to state programmes, the NBR official said. They will also be able to use the CIP (commercially important person) lounges at airports.
Besides, the dependents -- wife/husband, sons and daughters, of the cardholders -- will get special privileges for availing of cabins at public hospitals.
The validity of this card is one year and then it has to be returned to the NBR.
The NBR’s income-tax wing has formed a six-member committee to prepare a draft of the tax-card policy through amendment to the existing one framed in 2010.
Income tax policy member Parvez Iqbal is the convener of the committee that also comprises tax commissioner Sanjit Kumar Biswas, additional commissioner GM Abul Kalam Kaikobad, first secretaries Md Shamimur Rahman and Md Shabbir Ahmad and second secretary Md Zahedul Islam.
Talking to the news agency, another NBR
official said such award always encourages the taxpayers for paying their due taxes in time. "We’ve to encourage people to pay their due taxes in time," he added.
The weeklong annual Income Tax Fair will be held at NBR’s own building in the capital’s Agargaon area from November 1 instead of mid-September as scheduled earlier.
The NBR (National Board of Revenue) will also observe November 30 as the National Income Tax day. November 30 will be the last date for the submission of income tax return unlike the previous years when September 30 was the last date for the submission.
“There’s no option to extend the deadline through an executive order as the 2016-17 budget has fixed it…the budget is a law,” an NBR senior official told the news agency.
The fair will be held in all divisional headquarters, districts and in some upazilas as well. The duration of the divisional level fair will be of seven days while that of district level of four days.
The NBR last time held tax fair in 86 upazilas across the country. It collected Tk 2035.32 crore as revenue from the weeklong fair last year. Some 757,754 taxpayers got various services from the fair whereas a number of 161,060 taxpayers submitted their income tax returns in the fair.
This year, the NBR will collect income tax returns in both old and new formats, and the new format will be applicable next year.
To reduce the hassles of taxpayers, the NBR has simplified the income tax return form from this fiscal, the NBR official said.

NBR to increase awards for top taxpayers

The National Board of Revenue (NBR) has decided to increase the number of awards for the taxpayers who have long been paying the highest tax alongside raining facilities for them, reports UNB. The NBR decided to introduce two more categories -- female and under-40 highest taxpayers -- for giving the award, aiming to encourage them and motivate others. The NBR, meanwhile, has taken a plan to amend the policy for awarding the district-based highest and longest income taxpayers. Currently, the NBR is awarding three highest income taxpayers and two longest income taxpayers from each district and city corporation. Weve planned to give the highest honour and privileges to taxpayers through amending the policy that was formulated in 2008, an NBR senior official told the news agency. There is also a proposal to increase the number of tax cards for the taxpayers from 50 to 57 at the individual level. These cardholders will get privileges in government hospitals, airlines and other public transports, and to be invited to state programmes, the NBR official said. They will also be able to use the CIP (commercially important person) lounges at airports. Besides, the dependents -- wife/husband, sons and daughters, of the cardholders -- will get special privileges for availing of cabins at public hospitals. The validity of this card is one year and then it has to be returned to the NBR. The NBRs income-tax wing has formed a six-member committee to prepare a draft of the tax-card policy through amendment to the existing one framed in 2010. Income tax policy member Parvez Iqbal is the convener of the committee that also comprises tax commissioner Sanjit Kumar Biswas, additional commissioner GM Abul Kalam Kaikobad, first secretaries Md Shamimur Rahman and Md Shabbir Ahmad and second secretary Md Zahedul Islam. Talking to the news agency, another NBR official said such award always encourages the taxpayers for paying their due taxes in time. Weve to encourage people to pay their due taxes in time, he added. The weeklong annual Income Tax Fair will be held at NBRs own building in the capitals Agargaon area from November 1 instead of mid-September as scheduled earlier. The NBR (National Board of Revenue) will also observe November 30 as the National Income Tax day. November 30 will be the last date for the submission of income tax return unlike the previous years when September 30 was the last date for the submission. Theres no option to extend the deadline through an executive order as the 2016-17 budget has fixed itthe budget is a law, an NBR senior official told the news agency. The fair will be held in all divisional headquarters, districts and in some upazilas as well. The duration of the divisional level fair will be of seven days while that of district level of four days. The NBR last time held tax fair in 86 upazilas across the country. It collected Tk 2035.32 crore as revenue from the weeklong fair last year. Some 757,754 taxpayers got various services from the fair whereas a number of 161,060 taxpayers submitted their income tax returns in the fair. This year, the NBR will collect income tax returns in both old and new formats, and the new format will be applicable next year. To reduce the hassles of taxpayers, the NBR has simplified the income tax return form from this fiscal, the NBR official said.