Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, March 24, 2019 09:52:57 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

NBR's 'leaflet therapy' to stop tax evasion by foreigners

By
13th-Jan-2019       
Comments
Share your thought
Post a comment »
Read all () »

Business Desk :
When the government has no knowledge of total number of foreigners working in Bangladesh, it has taken a move to motivate them to pay tax properly.
Accordingly, the National Board of Revenue (NBR) has decided to distribute leaflets among the foreign nationals who are engaged in various types of jobs in the country to ensure revenue collection from them, reports UNB.
"We've taken a decision to bring the serviceholder foreigners under the tax net and motivate them not to evade taxes," a senior official of the NBR told the news agency.
He said NBR leaflets will give the foreign nationals idea about the tax system of the county and knowledge to calculate their payable income taxes.
Some 85,486 foreign nationals of 44 countries are engaged in various types of jobs legally, home minister Asaduzzaman Khan told parliament on 8 February 2018.
However, the revenue board authorities believe the actual number of the foreign nationals engaged in jobs in Bangladesh will be four to five times higher.
The decision to distribute leaflets among foreign nationals was taken at a board meeting held recently at the NBR with its chairman M Mosharraf Hossain in the chair.
The NBR official said that the leaflets will also be distributed in the diplomatic missions of various countries situated in Bangladesh through the foreign ministry.
The foreigners who will enter Bangladesh through air and land ports will get these leaflets and acquire some knowledge about the tax payment of their income from this country.
"The NBR has the information that a good number of foreign nationals are staying in the country without valid document and engaged in service in various trades. Taking this chance the local business houses don't give information about their foreign employees to the NBR, as a result the country is depriving of taxes," the NBR official said.
Some 35,386 Indians are involved in various types of jobs in Bangladesh which is highest from a single country. People of Pakistan, Sri Lanka, China, Taiwan, South Korea and some European and African countries are also working in Bangladesh.
Of the total numbers, 67,853 are businessmen, 8,300 experts, 3,682 officials, 2,105 players and sports organisers, 922 capital investors, 804 personal staff, 727 technical professionals, 561 NGO workers, 400 research or training staff and 132 are house assistants.
To stop income tax dodging by the foreigners, a new section has also been added to the Income Tax Ordinance in 2015-16 under which one will be jailed for three months to three years and be penalised Tk 500,000 or both if he/she appoints any foreigner national without prior permission of the authorities concerned. The companies will also lose tax holiday or exemption benefits.
All the foreigners are bound to pay 30 per cent tax on their income if they stay and work in the country for 90 days a year.

Tariff
Add Rate

News Archive

Inside The New Nation

Football »

England, France win big, Portugal held as Euro defense opens


AP, London :Big and slick wins for France and England. Not even a goal for Portugal.Even with Cristiano Ronaldo returning to the Portugal side for the first time since last year's World Cup, the European champions could only begin their title defense with a 0-0 home draw against Ukraine.The goals ...

Sports »

Serena survives scare to advance in Miami


AFP, Miami :Serena Williams survived an "irresponsible" second set lapse on Friday to see off Sweden's Rebecca Peterson 6-3, 1-6, 6-1 in her second-round opener of the WTA and ATP Miami Open."I wasn't really happy with my performance," admitted the 23-time Grand Slam champion, who is playing in just her ...

Entertainment »

I was lucky that it wasn't a dance-off - Alia Bhatt


An Abhishek Varman directorial, Kalank starring Alia Bhatt, Madhuri Dixit, Varun Dhawan, Aditya Roy Kapur, Sonakshi Sinha, and Sanjay Dutt has been making headlines ever since its announcement. It was just yesterday when the makers of the film dropped in the first song, titled Gharore pardesiya, featuring Alia and Madhuri ...

International »

Pope replaces Santiago bishop after abuse cover-up claims


Reuters, Vatican City :Pope Francis has accepted the resignation of Cardinal Ricardo Ezzati, the archbishop of Santiago and the highest ranking member of the Catholic Church in Chile, who has been caught up in the country's sex abuse scandal.A Vatican statement on Saturday said the pope had named Bishop Celestino ...

International »

May makes final push for Brexit deal with new timetable


Prime Minister Theresa May returns to Britain on Friday vowing to make "every effort" to win over MPs opposed to her EU divorce deal, hours after securing a delay to Brexit from European leaders in Brussels.The embattled premier faces daunting odds to persuade recalcitrant British lawmakers to back a plan ...

City »

Gonoforum President Dr. Kamal Hossain speaking at a press conference organised by Gonoforum at the Jatiya Press Club on Saturday demanding safe road.


Editorial »

Modernise the railways and make it corruption-free


BANGLADESH Railway has been showing less importance and interest to recover its grabbed lands though thousands of acres of land are now illegally possessed by a section of influential people and some organisations. It has also no visible plan to use many unused lands across the country too. An initiative ...

Editorial »

Save Halda from dying


DEPARTMENT of Environment has revealed that waste from a housing estate and some factories are polluting the Halda river in Chattogram to the extent that it caused dying of fish. Currently, the pollution of the Halda is severely affecting the livelihood of adjacent people, in particular the fishermen. In June ...

International »

Prince Charles heads to Cuba amid US tensions


AFP, Havana :Britain's Prince Charles and his wife Camilla will make the first royal visit to communist-run Cuba on Sunday at a time when ally Washington is seeking to ramp up sanctions against the island.The 70-year-old prince was asked by the British government to add Cuba to a long-planned tour ...

Football »

US beat Ecuador 1-0 in int’l friendly soccer


AP, Orlando :Gregg Berhalter's vision for the U.S. national team started to unfold as the Americans passed the ball from side to side, played diagonal balls long and short. Possession is his key to success.The style was more pleasing. But the only goal of night was pretty weird.Gyasi Zardes's shot ...

Entertainment »

Homayra Himu wants to give direction


Sheikh Arif Bulbon :Five years ago, popular TV actress Homayra Himu produced a telefilm titled Bhalobashi Othoba Bashi Bhalo. But producing that telefilm she faced financial crisis during that time. She was sufferer for this and later decided not to produce any work. But she is interested to give direction ...

Sports »

Russia's Natalia Zabiiko and Alexander Enbert perform their pairs free skate during the ISU World Figure Skating Championships at Saitama Super Arena in Saitama, north of Tokyo on Thursday.


Football »

Trinidad and Tobago's Aubrey David (left) and Wales' Ryan Hedges battle for the ball during the International Friendly soccer match between Wales and Trinidad and Tobago, at the Racecourse Ground, in Wrexham, Wales on Wednesday.


Entertainment »

Deepika Padukone checks all ticks in list over a week


Bollywood’s leading lady Deepika Padukone has had an eventful last week as the actress unveiled her prestigious Statue of Purpose at Madame Tussauds and graced the Vogue International cover as the Global Talent. Both the events are key and one of the major highlights in the life of the actress. ...

City »

Holi festival celebrated with enthusiasm, fanfare


Thousands of devotees on Thursday celebrated the Holi, a Hindu religious festival of colours, across the country with due religious fervour and much enthusiasm."Marking the festival, a large number of devotees thronged the Dhakeswari National Temple in the morning to offer abir, a pink colored powder, at the foot of ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news