Tax return submission deadline won't be extended this year

National Board of Revenue (NBR) will not extend the income tax return submission deadline this year beyond November 30.

Citizens will have to pay fines to submit tax returns after Nov 30 (Tuesday), said Md Alamgir Hossain, director-general of NBR's Central Intelligence Cell.
People will get another month to submit returns without late submission fees if they file applications showing valid reasons, he said on Saturday.

The Income Tax Ordinance has given taxpayers four months to file their returns with fines. Alamgir urged them to file the returns on time to avoid fines.

The NBR has not organised tax fairs this year due to the coronavirus pandemic.

The authorities are providing extensive services to the taxpayers throughout November at zonal offices, Alamgir said.

The taxpayers can access all types of services at a single place when an income tax fair is held. The NBR had organised month-long income tax fairs for nine years to 2019. It cancelled the fairs in 2020 due to the pandemic.

The NBR accepts the returns at 649 circles under 31 tax zones across Bangladesh during office hours till November 30. The taxpayers receive an instant acknowledgement of their tax submission.

There are more than 60 lakh Tax Identification Numbers (TINs) holders in the country. They are to submit Income Tax Returns every year.

According to the Income Tax Return Ordinance, the last date for submission of Income Tax Returns of the previous fiscal year is November 30 each year. However, the Income Tax Return submission deadline was extended by one month last year for coronavirus pandemic.