সোমবার, ২৪ মার্চ ২০২৫, ০৭:১৮ অপরাহ্ন
At least 11.6 million people in Bangladesh have the ability to pay taxes, but the reality is known to all, National Board of Revenue (NBR) Member (Tax Information Management and Services) Mohammad Jahid Hasan has said.
“The business community is the partner of NBR, and the revenue board is relentlessly working on reforms and modernisation of various regulations to ease the process of doing business,” he told a workshop on “Customs, VAT and Income Tax management” in Dhaka on Saturday.
The event was organised by Dhaka Chamber of Commerce & Industry (DCCI).
In 2021, only 25.30 lakh taxpayers submitted their returns out of 8.3 million TIN holders, which is unsatisfactory, according to a press release.
The workshop was organised aiming to let the business community aware of different changes in the customs, VAT and tax-related issues in the budget.
Jahid Hasan, who was the chief guest at the event, also said that the NBR is trying to ensure automation for customs, tax and VAT systems so that people can easily access the services hassle free.
Putting emphasis on ensuring compliance in the books of accounts to reduce litigation, he said the NBR is working on issuing “one time return” system so that non-TIN holders also can get different facilities.
In his welcome speech, DCCI President Rizwan Rahman said that considering various needs and urgency, the government sometimes has to make a few changes in the finance bill, VAT and tax system through SROs and as an entrepreneur a businessman has to have a clear knowledge on these issues.
“In FY2022-23, we have seen a few changes like increasing cash transaction limit, mandatory return submission for 38 categories, central VAT registration system, 5 per cent VAT exemption on locally produced chemical, VAT increase for importing computer accessories, tax and VAT exemptions for safeguarding local businesses etc.”
Rizwan said the business community should have knowledge of these changes to maintain their books of accounts.
DCCI Senior Vice-President Arman Haque, who chaired the workshop, said there should be harmony between the taxpayers and tax collectors.
He urged the NBR to increase the tax net for increasing the revenue collection.
