The annual weeklong tax fair will begin on November 14 to enable individual taxpayers to congregate and file returns and complete tax procedures all in one spot.The show for 2019-20 will be held at Officers’ Club in Dhaka and conclude on November 20, said a senior official yesterday.
Taxpayers in other divisional cities will also be able to furnish annual incomes and wealth statements as well as deposit tax with the public coffer in the same period, the official added.
The National Board of Revenue (NBR) will also hold the tax fair for four days in all district towns between November 14 and 20 so that taxpayers can submit returns ahead of the last submission day, November 30, which has been named Tax Day.
Residents in 45 upazila headquarters are also expected to see two-day tax fairs in their respective upazilas, said the official.
The NBR organised the tax fair in 32 upazilas for two days last year.
This is the 10th year that the tax collector has been organising the show with the objective to raise awareness on the necessity of tax payments for national development and encourage more people to start the practice.
The tax fair has gained popularity since its inception as it gave an opportunity to people to submit income tax returns in a short time and without bearing the hassle of visiting tax offices.
Last year, the NBR received a record Tk 2,468 crore at the weeklong fair, up 11 percent year-on-year.
The collection grew 21-fold from Tk 113 crore in 2010, the first year of the fair.
And the number of tax returns submitted at the event rose nine-fold to 4.87 lakh in 2018 from 52,544 in 2010, according to the NBR.