The National Board of Revenue (NBR) has taken an initiative to introduce a mobile application and software, aiming to check the cases of tax evasion and increase the number of taxpayers.
The revenue collecting authority thinks the app and software will bring dynamism into the revenue administration and help bring a large number of eligible taxpayers under the tax net, an NBR senior official said.
According to the existing income tax law, any business entity and service-providing persons must hang the taxpayer identification number (TIN) in their offices or business houses.
But it is not practised properly causing confusion whether all the business entities or service-providing persons have their TINs or not.
"That’s why the NBR is planning to make it mandatory to hang the tax payment certificate," said the official.
He said using the software, all 649 tax circles will be linked to the mobile app. Through this app, anyone will be able to check whether the tax payment certificate is genuine or effective, or an expired one.
"Even with the app, it’ll be possible to lodge complaint with the respective tax circle," he said.
The NBR official hoped when the businessmen will see the customers are checking whether they have paid taxes or not, they will be encouraged to pay their taxes.
“As a result, the revenue collection will be increased and the tax evasion cases will come down," he said.
Through the app, it would be possible to check the status of tax payment and the certificate will automatically be cancelled in absence of the regular payment.
Ineffective certificate means the particular person or organisation does not pay tax. "There’s no need to provide extra information in this regard," the NBR official said.
He also mentioned that the NBR is trying hard to increase the number of taxpayers to 1,00,00,000 within the next two years. As part of the initiative, a tax survey has started.
"Enhancing capability in technology will help us bring more dynamism into tax administration," the official said.
Currently, the number of TIN holders in the country is around 40 lakh where only 20 lakh submit their income tax return, which is very much lower comparing to other countries of the world.
For the running fiscal year, the revenue target has been fixed at Tk325,600 crore. Of the grand amount, Tk113,912 crore will come from income, profit and capital tax, Tk123,067 crore will be contributed in the form of VAT, supplementary tax will provide Tk48,153 crore, Tk36,498 crore will come from import duty, Tk54 crore from export duty, Tk2,239 crore from the excise duty and Tk1,677 crore will be fetched as other taxes.
