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NBR enforces e-cash register in January

Star Business Report
The National Board of Revenue (NBR) will enforce the use of electronic cash registers in divisional headquarters from January' 1 and launch special drives to increase income tax and VAT collection amid global economic meltdown.
"We will take initiative to offset any impact that VAT and revenue collection may face due to the ongoing global financial crisis," said NBR Chairman Muhammad Abdul Mazid at a press briefing in Dhaka yesterday.
Mazid said, "Prices of commodities have gone down in the global market. As a result, import duty will
decrease substantially. Alongside, an impact is likely to be felt on VAT."
Motivational programmes including workshops have been organised for businessmen to introduce electronic cash registers (ECRs). As per NBR information, import of ECR has increased. So NBR hopes all businessmen will use ECRs, the NBR chairman said.
The NBR chief said in the first three months of the current fiscal year 20.76 percent of the yearly revenue collection target has been achieved. It was 20.37 percent in the same period last year. He said, revenue collection is still okay but the adverse impact may be felt at the tail end of the year.
"In case of VAT, NBR will bring
new organisations under its net. It will also see whether VAT is paid properly," Abdul Mazid said.
NBR has collected list of members from all associations and clubs. Primarily it is examining their papers to see whether they have TIN (tax identification number) and pay tax.
NBR will request the associations to take action against the people whose names will be found as defaulters. If they do not take action, NBR itself will go for action against them, Mazid said.
The NBR chairman said at first they will follow a soft strategy, but if it does not work, they will take tough line.
Mazid said until October 31, 2008 the number of TIN holders was 22,62,885 but a few of them pay tax.
In the press briefing he presented in details the revenue collection situation in the current fiscal year.
In the current fiscal year 6.76 lakh people submitted income tax return worth Tk 792 crore. The amount was Tk739 crore from 6.45 lakh people in the last fiscal, the tax chief said.
This fiscal 14,622 persons legalised Tk 788 crore undisclosed money. The government received Tk 108 crore in income tax on the amount. Last year 42,591 persons legalised Tk 8,895 crore and the government got Tk 803 crore in income tax, Mazid said.
An NBR official said Biman Bangladesh, GMG and Best Air are not paying travel tax. Discussion is going on with them to realise the tax