Friday, January 22, 2016
NBR wants to raise tax at source
The national board of revenue (NBR) has decided to widen the coverage of tax that is deducted at source to raise the government's revenue earning.
Currently, the board collects tax at source from 58 sectors.
The NBR has also decided to create five dedicated tax zones to oversee the tax deducted at source for increasing the revenue collection through proper monitoring. There is no dedicated tax zone for supervising this method of collecting tax.
Of the total numbers, four will be set up in the capital while the remaining one in the port city of Chittagong.
The decision was taken at a board meeting at the NBR held with its chairman M Nojibur Rahman in the chair.
NBR will send a letter to the public administration ministry, seeking permission for the expansion of its tax zones, an NBR senior official told UNB.
Currently, there are 31 income tax zones across the country.
Prothom Alo
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