Dhaka, Sep 5 (bdnews24.com) – The National Board of Revenue (NBR) has launched an online income tax returns submission.
The facility was launched with the finance minister Abul Maal Abdul Muhith filing his own income tax returns on the internet at a programme at the finance ministry around 10.45am on Sunday.
Initially, the facility will be available to tax payers of Income Tax Zone–8 only.
Terming the facility a ‘revolutionary’ step towards a ‘digital Bangladesh’, the minister said residents of all tax zones will be able to avail this facility within a year.
Following the inauguration, Muhith told journalists: “The facility will make filing income tax returns easier, simpler and hassle-free.”
He also said that presently there are 2.7 million Tax Identification Number (TIN) holders around the country. However, only 800,000 pay income taxes.
Pointing out that the number of tax payers should be raised, he said, “Even if only 10 percent of our citizens pay income taxes, the number of taxpayers would stand at 16 million. So, our target is to increase the number up to 10 million.”
However, the minister did not clarify how long they will take to meet the target.
NBR chief Nasiruddin Ahmed said, “More than 30,000 tax payers reside in Tax Zone-8. So we picked this zone first.”
The zone includes a large section of the capital including Gulshan, Banani and Korail.
To avail the facility, the tax payers will have to collect a Personal Identification Number (PIN) from the tax office and use the number and his TIN and log on to http://www.txzone-8.org.