Mohammed Badrul Ahsan :
The National Board of Revenue (NBR) has taken a move to speed up settling the revenue-related cases pending with different courts of the country for years.
It has taken the initiative to realise the huge amount of revenue through setting 25,000 cases related to income tax, Vat and duty involving Tk 310 billion.
“You cannot say the amount is negligible, and the amount is increasing day by day as the revenue related cases in the courts are on the rise,” a senior official of the NBR told The New Nation.
As the part of the move, the NBR arranged a two-day workshop on “management of under-trial revenue-related cases in the higher court” held at BCS Tax Academy on Monday last.
Attorney General (AG) Mahbubey Alam was the chief guest at the inaugural session.
He asked the NBR to strengthen the communication between the NBR and his office for quick disposal of the pending cases.
“From the NBR we requested the AG office to give special attention to the NBR related cases especially the revenue related cases which have been lying unsettled for a long time,” the NBR official said.
He said that NBR chairman Md Nojibur Rahman also asked the concerned officials to expedite the Alternative Dispute Resolution (ADR) taking advices from the AG office for settling down the pending cases.
Among the pending cases, the income tax related cases are the highest in the number while the highest amount of money is stuck in the VAT related cases.
The NBR official said that emphasis has been given to utilize the ADR system to settle down these cases in the meeting. As part of this initiative, separate focal point officials have been appointed for each wing.
The NBR introduced ADR on July 1, 2012 to speed up disposal of the revenue-related cases through out-of-court settlement.
“The NBR chairman also asked the officials to take all out efforts to realize the outstanding taxes,” the NBR official said.
He said that the NBR has decided to take these efforts as it got a gigantic target of Tk 2,032 billion which is 35.4 percent higher than the revised target of the 2015-16 fiscal.
VAT will be the biggest contributor with Tk 727 billion. Tk 719.4 billion crore will come from income tax and tax on profit, supplementary duty will contribute Tk 301 billion, excise duty Tk 44.49 billion, export duty Tk 440 million and other taxes and duties will contribute Tk 14.28 billion.
“To achieve the target, the NBR is very much cautious from the very beginning of the fiscal,” he said.
The National Board of Revenue (NBR) has taken a move to speed up settling the revenue-related cases pending with different courts of the country for years.
It has taken the initiative to realise the huge amount of revenue through setting 25,000 cases related to income tax, Vat and duty involving Tk 310 billion.
“You cannot say the amount is negligible, and the amount is increasing day by day as the revenue related cases in the courts are on the rise,” a senior official of the NBR told The New Nation.
As the part of the move, the NBR arranged a two-day workshop on “management of under-trial revenue-related cases in the higher court” held at BCS Tax Academy on Monday last.
Attorney General (AG) Mahbubey Alam was the chief guest at the inaugural session.
He asked the NBR to strengthen the communication between the NBR and his office for quick disposal of the pending cases.
“From the NBR we requested the AG office to give special attention to the NBR related cases especially the revenue related cases which have been lying unsettled for a long time,” the NBR official said.
He said that NBR chairman Md Nojibur Rahman also asked the concerned officials to expedite the Alternative Dispute Resolution (ADR) taking advices from the AG office for settling down the pending cases.
Among the pending cases, the income tax related cases are the highest in the number while the highest amount of money is stuck in the VAT related cases.
The NBR official said that emphasis has been given to utilize the ADR system to settle down these cases in the meeting. As part of this initiative, separate focal point officials have been appointed for each wing.
The NBR introduced ADR on July 1, 2012 to speed up disposal of the revenue-related cases through out-of-court settlement.
“The NBR chairman also asked the officials to take all out efforts to realize the outstanding taxes,” the NBR official said.
He said that the NBR has decided to take these efforts as it got a gigantic target of Tk 2,032 billion which is 35.4 percent higher than the revised target of the 2015-16 fiscal.
VAT will be the biggest contributor with Tk 727 billion. Tk 719.4 billion crore will come from income tax and tax on profit, supplementary duty will contribute Tk 301 billion, excise duty Tk 44.49 billion, export duty Tk 440 million and other taxes and duties will contribute Tk 14.28 billion.
“To achieve the target, the NBR is very much cautious from the very beginning of the fiscal,” he said.
