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Income tax fair to widen reach, begin on Sept 17

Star Business Report
The annual income tax fair beginning next month will be expanded to 11 large and old district towns for the first time.
In the previous two years, the fair took place only in seven divisional cities.
The tax administrator takes the move to bring more people under the tax net to boost direct tax collection.
The six-day fair begins on September 17.
"Taxpayers will be able to pay tax online in the coming income tax fair," said Nasiruddin Ahemd, chairman of the National Board of Revenue (NBR), yesterday.
Ahemd spoke at a meeting with the editors of the print and electronic media at Officers' Club.
The districts where the tax fair will take place for the first time are: Mymensingh, Gazipur, Comilla, Bogra, Faridpur, Jessore, Kustia, Patuakhali, Pabna, Noakhali and Dinajpur.
Less than 1 percent of the population of Bangladesh pays income tax now.
Around 35 lakh out of the 15 crore population hold tax identification number (TIN) and a third of the TIN holders submit tax returns.
NBR officials said more people have taxable incomes but they do not comply with laws.
At the fair, the tax authority will issue TIN instantly, assist people in filling in tax return forms and assess taxes by using the "tax calculator" software available at the NBR website.
The NBR organises the event, encouraged by the response among the new taxpayers in the last two fairs where both tax collection and return submission was buoyant.
Last year, 62,272 TIN holders submitted returns at the show, up from 52,440 in the previous year.
Revenue collection also soared to Tk 414 crore in the fair last year from Tk 113 crore in the previous year, according to the NBR. The fair issued 10,041 TINs last year.
Over the past five years, the tax authority recorded more than 20 percent growth on average in income tax receipts, particularly because of steady growth of the economy and rising incomes.
Income tax collection rose 23 percent to Tk 28,261crore last fiscal year from Tk 23,119 crore a year ago. The total receipts increased 19 percent to Tk 94,447 crore last fiscal year.
This year, the tax collector aims to logTk 112,259 crore. Of the amount, the target for income taxwasTk35,300 crore.
Managing Director of Desh TV Asaduzzaman Noor, Daily Amader Arthonity Editor Naimul Islam Khan, Boishakhi Television Chief Editor Manzurul Ahsan Bulbul and NTV Chief News Editor Khairul Anwar were pres-