March 29, 2024

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E-payment required if import tax exceeds Tk 2 lakh: NBR

Personnel Reporter :

The National Board of Income (NBR) Chairman Abu Hena Md Rahmatul Muneem on Tuesday reported that they would utilize electronic payment (e-payment) system from July 1 this 12 months to obtain import tax if it surpasses Tk2 lakh.

“The evaluate was taken to guarantee transparency and accountability in profits selection,” the NBR main stated while speaking at a seminar at the NBR convention area on the celebration of the Global Customs Working day 2021.

The NBR also awarded the Entire world Customs Organization (WCO) Certificates of Merit to 17 officers and a few institutions for their outstanding contributions to customs previous 12 months.

Muneem stated that a roadmap has been geared up by bringing the NBR below automation to assure transparency in the profits assortment course of action.

“Our software package is completely ready. This rule has been made required from April 1 at ICD Customs House, Kamalapur. We have taken initiative to procure 13 scanners to assure fast processing and transparency of export-import,” he reported.

Referring to the obligation of the officials and employees associated in the assortment of profits – like customs – even through the pandemic, the NBR chairman stated, “Customs and VAT assortment functions have not stopped even for a moment to hold the wheel of the country’s economy working by preserving the source chain intact.”

Finance Minister AHM Mustafa Kamal, who was related virtually, reported, “More organization-pleasant policies ought to be adopted to fortify the profits assortment.”

“The NBR wants to meet up with the requires of the traders. Then traders will also satisfy the need of the NBR. Due to the fact traders have objections about the NBR,” the minister said.

Declaring the country’s GDP advancement at the greatest amount in the planet in the previous ten a long time, the finance minister reported, “In accordance to the approach up to 2035, the revenue selection will have to maximize gradually. I assume the NBR will acquire the obstacle in the long run.”

Suggesting growing the tax internet without the need of expanding the tax amount, FBCCI President Sheikh Fazle Fahim said, “We will need to have to obtain substantially extra income if we graduate from the the very least developed nations around the world. Then the tax-to-GDP ratio will have to be improved.”

In the seminar, Kazi Mostafizur Rahman, Undertaking Director of VAT On line, Mohammad Moazzem Hossain, Commissioner of the Dhaka Customs Residence and Mohammad Neyazur Rahman, Added Director Normal of the Customs Intelligence, have been awarded the WCO Certification of Merit for contribution to preserve the import-export and internal source chain typical in the course of the Covid-19 pandemic.

The other awardees are AKM Nurul Huda Azad, NBR’s First Secretary of the NBR, AKM Zahid Hossain, Senior Programs Analyst, Abilin Sangma, Deputy Commissioner of the Dhaka North Commissionerate, Md Samsad Hossain, Income Officer of the Sylhet Commissionerate, Mohammad Shafiqul Islam, Assistant Earnings Officer of the Dhaka Customs Property, Md Yakut Zahid, Assistant Profits Officer of the ICD Customs and Atiqur Rahman, Assistant Profits Officer of the Chittagong Customs Home.