NBR Chairman Abu Hena Md Rahmatul Muneem is making the announcement on Sunday,a day before the stipulated time for return submission ends, officials of the board told bdnews24.com. It can now waive the fines for late submission for a month or two, or extend the deadline for return submission both but moves will yield the same outcome. The Federation of Bangladesh Chambers of Commerce and Industry, tax lawyers and taxpayers of different professions have written to the NBR demanding an extension to the deadline for return submission due to the outbreak. “We had asked the NBR to extend the deadline earlier. “It (waiver) won’t cause the NBR to lose much because the largest portion of income tax comes from tax at source,” the analyst said.

Source: bd News24 November 28, 2020 20:59 UTC