NBR extends income tax return submission deadline till Dec 31, The National Board of Revenue (NBR) has extended the deadline for individual taxpayers to file their income tax returns by one month, to December 31. According to section 184G of the Income Tax Ordinance 1984, the deadline for the tax year 2022-2023 has been extended until December 31 of current year, according to a notification from the NBR today.
NBR extends income tax return submission deadline till Dec 31
During this extended period, the taxpayers will not have to pay any fine. Meanwhile, NBR Chairman Abu Hena Md Rahmatul Muneem while speaking at a discussion meeting today marking the Income Tax Day said that the deadline for return submission has been extended by a month considering the demands from the business community and the common people.
He also suggested the valued taxpayers submit their returns preferably in the first week of December to avoid long queues at the countrywide 31 Taxes Zones. There are more than 80 lakh online Tax Identification Number (e-TIN) holders in the country while around 23 lakh of them filed their tax returns in the last tax year 2021-22. NBR officials expect that the tax return submission would reach a significant number in this year due to a new provision in the relevant law that has made tax return submission proof mandatory for availing around 40 types of services.
But, till November 29, just a day before the deadline, only 16 lakh returns have been submitted, according to NBR sources. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country’s apex trade body, yesterday requested the revenue board to extend the deadline for filing tax returns by a month.
The revenue body has also received a similar plea from the Bangladesh Tax Lawyers Association. Taxes are not now applied to income up to Tk 3 lakh per year. A person who earns more than this must annually file an income tax return. The NBR has adopted a strict stance on filing tax returns in the current budget.
Know more:
- China’s factory activity contracts as Covid disruptions spread
- England hero Rashford ‘belongs’ on World Cup stage, says Maguire
- Brazil World Cup bid built on solid foundations despite Neymar worries
- Macron kicks off US state visit, with trade dispute looming
- Trump ordered to testify in defamation case brought by woman who says he raped her