Tax time extended

The National Board of Revenue (NBR) has extended the income tax returns deadline by one business day to Sunday, Oct 2, says a spokesman.

The spokesman, Syed A Mumen, told  Wednesday afternoon that the decision came because of the fact that the last day of submission, Friday, Sep 30, was a holiday.

“So, it’s the following working day which is Sunday (Oct 2),” Mumen said.

Business leaders had been calling for extension of the deadline by a month, but the revenue chief remained firm.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Sunday asked the NBR to extend the deadline by a month to Oct 31.

The NBR chairman, Nasiruddin Ahmed, had said earlier this month that he would not relax the deadline under any circumstances.

He had said that the tax offices would stay open on Sep 30.

In line with the Income Tax Ordinance, individual taxpayers submit their returns throughout September every year but the cut-off time had been extended at the last minute following demands from businesses.

Initially reluctant, the c had extended the time by a week last year and by one month in 2009.

According to the NBR, there are 2.6 million tax identification number (TIN) holders in the country, 0.9 million of whom pay tax.

Some 815,000 taxpayers submitted Tk 170.87 billion as returns during the 2009-10 fiscal. The government is hoping to receive Tk 210 billion in income tax returns in the current fiscal.

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