Online tax return to be mandatory for salaried taxpayers from next yr

Staff Correspondent

20 December, 2020 12:00 AM printer

The National Board of Revenue (NBR) is working to make online tax return submission mandatory for all salaried taxpayers from next year.

Speaking in a workshop on tax return filing, Md Alamgir Hossain, income tax policy Member of NBR also said the revenue board is considering bringing down the rates of withholding tax or tax at source in the budget for upcoming fiscal Year.

Currently, the NBR suspended the online return filing facility, except for one tax zone, due to some technical faults in the system.

The Economic Reporters Forum (ERF) and Golden Bangladesh, a non-government organization on tax matters, jointly organised the programme for economic reporters.

Md Jahangir Alam, Chief Executive Officer (CEO) of the organization, said they are ready to extend all cooperation to the journalists to fill-up their tax returns and other tax-related services.       

He said the organization is working to develop tax culture and build awareness on payment of taxes.

The income tax member Alamgir Hossain said the number of tax return filers remain around 2.2 million which is around 1 per cent of the total number of country’s population.

 “We could not popularize the tax return filing through taking required measures,” he admitted.

To simplify the tax return system, the NBR has started drafting a new direct tax law and its first draft is likely to be placed for stakeholders’ opinion by June next.

The new law would be drafted in Bangla where taxpayers will find details on return filing in one chapter, he added.

He said taxpayers’ dependency on income tax practitioners or tax lawyers will be reduced to a great extent after enacting the new law.

He said the direct tax GDP ratio remained stagnant in respect of the country’s per capita income and household expenditures.

He said the tax net would be expanded if the NBR could simplify tax return submission process.