Undeclared Money
Deadline now Sept 30 for legalisation
Staff Correspondent
The National Board of Revenue (NBR) yesterday extended the deadline for legalising undeclared but lawful income till September 30, 2007.The decision was announced yesterday on the eve of the expiration of the previous deadline amid a huge response from taxpayers and a time extension request by Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Till yesterday, the public exchequer received around Tk 300 crore in income tax from 8,559 persons. Their total declared income was Tk 1,622 crore. Badiur Rahman, chairman of NBR, said the decision was taken following a huge response and deadline extension request from the general public. Earlier on June 4, the government through an SRO, granted a two-month amnesty to the eligible taxpayers who had not been paying taxes against their legal income. The taxpayers having Tax Identification Numbers (TIN) were allowed to pay their unpaid taxes of last six years including fiscal 2006-07 to NBR with 5 percent penalty. Eligible taxpayers without TIN would have to obtain the number to take advantage of the amnesty. The NBR chairman had even gave assurance that the taxpayers would not be harassed while paying back taxes.
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