Prepare list of tax-evading cos

Dhaka,  Monday,   2016-09-19
Published : 19 Sep 2016, 23:28:51

Prepare list of tax-evading cos

NBR tells field-level officials
FE Report

The National Board of Revenue (NBR) has instructed its field-level tax officials to prepare a list of the organisations that have been evading tax and furnishing it to the board.

It also directed them to devise strategies to make these errant organisations tax-compliant.

NBR has recently sent letters to its field-level tax offices in this regard.

Internal Resources Division (IRD) Senior Secretary and NBR Chairman Md Nojibur Rahman also asked for holding a brainstorming session among the members of the income tax, customs and value added tax (VAT) wings to exchange information among them.  

He gave some instructions that would be discussed in the brainstorming session on September 26 after his return from UN general assembly 71 session.

NBR's field-level income tax, customs and VAT officials will maintain coordination with its offices as well as prepare report on tax collection potentiality and challenges in the field level, according to the instructions.

A monthly report will have to be prepared evaluating performance of the field-level revenue officials.

The NBR chairman also instructed to make best use of information and communication technology (ICT) and update facebook to boost up income tax, VAT and customs activities.

He also focused on making VAT online project, tax online project and Asycuda world system successful.

A monthly review meeting will have to be arranged among the director general and commissioners of the revenue board's three wings in presence of its chairman and members.

In a press statement, issued on Monday, the NBR chairman said the pace of revenue collection should be continued for achieving the tax collection target for the current fiscal year.

"Different obstacles may arise on the way of achieving the revenue collection target, which need to be overcome with all-out efforts."

Potentiality of revenue collection in the form of income tax, Value Added Tax (VAT) and customs duty is increasing day by day with the country's economic growth.

Despite relentless effort of the field-level tax officials and tax commissioners many of the individuals and companies remain out of purview of tax-net, noted the press release.

"It is a big challenge for NBR. Intensive monitoring by the VAT, income tax and customs departments is needed (in this regard)," it added.
Editor : A.H.M Moazzem Hossain
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