Bangladesh revenue board to expedite tax deduction at source

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The National Board of Revenue (NBR) is set to expedite the tax deduction at source (TDS) through capacity building and creating mass awareness about the importance and benefit of TDS.
These will include arranging training of taxmen and the officials and employees concerned at different government organisations across the country.
“Creating mass awareness about the TDS and ensuring that all related rules and regulations are being followed accordingly would help government get proper revenue”, Cabinet Secretary Muhammad Musharraf Hossain Bhuiyan said.
Bhuiyan was addressing a seminar on TDS at Sonargaon Hotel on Wednesday evening, organised by the Tax Administration Capacity and Taxpayer Services (TACTS) of NBR.
Terming the seminar a timely initiative, the cabinet secretary advised all secretaries to ensure that the TDS and VAT are deducted while disbursing money from their respective ministries.
Referring to the direction of Prime Minister Sheikh Hasina, NBR Chairman Md Nojibur Rahman said the revenue authorities had been focusing on expansion of tax-net, instead of tax increase. He said the TDS would be an effective tool to this effect, but the officials concerned and people should be made more aware about it. Rahman said the NBR would step up its efforts to create and establish a sustainable, modern and pro-people tax administration and culture so the country could achieve the target of Vision 2021.
He said besides the tax officials at BCS Tax Academy and Custom, Excise and VAT Training Academy, officials and employees of different government organisations would also be given necessary training on TDS.
“NBR will also arrange training programmes at divisional headquarters to create awareness about the tax system”, he said.
Principal Secretary to the Prime Minister’s Office Md Abul Kalam Azad and Comptroller and Auditor General of Bangladesh Masud Ahmed also addressed the seminar following presentation of the keynote paper by NBR member and project director of TACTS Parvez Iqbal. (Source: BSS)

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