Number of income taxpayers to reach 20 lakh: Muhith

British American Tobacco Bangladesh (BATBC) has been honored with 'Tax Payer Card' by National Board of Revenue as recognition of highest tax paying Company in the country. Golam Mainuddin, Chairman of BATBC receiving the card from Finance Minister Abul
British American Tobacco Bangladesh (BATBC) has been honored with 'Tax Payer Card' by National Board of Revenue as recognition of highest tax paying Company in the country. Golam Mainuddin, Chairman of BATBC receiving the card from Finance Minister Abul
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BSS, Dhaka :
Finance Minister Abul Maal Abdul Muhith on Thursday hoped that the number of income taxpayers will increase to 20 lakh by the end of the current fiscal (2016-’17).
“Currently, 11 lakh taxpayers are submitting income tax returns on an average every year. I hope their number will exceed 18 lakh and reach 20 lakh at the end of the current fiscal,” he said speaking as chief guest at a function at under-construction National Revenue Building at Sher-e-Banglanagar in the city.
The function was held marking the inauguration of Income Tax Week and offering citations to best taxpayers.
Income Tax Week is being observed from November 24 to 30 for the first time in the country.
The finance minister said it would be possible to raise the volume of national budget to Taka 5 lakh crore within the tenure of the present government. Referring to the rise in number of taxpayers, he said a taxpayer-friendly culture has been created in the country.
Earlier, people were afraid of paying taxes, he said, adding that the fear has been dispelled now.
He hoped that people will pay taxes to serve the country.
Industries Minister Amir Hossain Amu and State Minister for Finance and Planning MA Hannan also addressed the function with National Board of Revenue (NBR) Chairman Najibur Rahman in the chair.
In the function, 141 organizations and individuals were given tax cards as recognition of best taxpayers in 2016-2017.

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