Revenue collection increased by 1.14%: NBR Chairman

Country's revenue collection from last July to October has increased to 1.14 percent compared to the corresponding period of the previous year.

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem made the disclosure at a press conference at the Revenue Building in the capital's Segunbagicha on Thursday.

"However, the collection has been less than the target of about TK 20,500 crore," said the NBR chairman.

Against the Tk 87,000 crore target, Tk 66,555 crore revenue has been collected in the last four months, he added.

Besides, Abu Hena said that the income tax return (ITR) filing deadline would not be extended further after 30 November.

"Taxpayers have a legal obligation to file their tax returns by this period," the NBR chairman said in his reply to the query of reporters on whether the deadline will be extended considering the coronavirus situation.

"If someone fails to submit the return within 30 days, he can do so following legal procedure (with a fine)," he added during

In the past, an income tax fair was organised at this time, but it is not being held this due to the virus outbreak here.

The NBR chief further said, "Instead of arranging a fair, all kinds of services are being provided in the income tax offices this time."

Expressing dissatisfaction over the manpower crisis of NBR and the failure of automation, Abu Hena said, "The reliance on third-party organisations in the name of automation has increased. Now we prefer to buy equipment rather than building our own efficient manpower."

Senior NBR officials were present at the press conference.