Cabinet Secretary Khandker Anwarul Islam announced the new rules in a briefing on Bangladesh Television and the Cabinet Division made the audio recording of the briefing public. A new section (184G) was added to the previous law exempting everyone from the penalties while calculating the income taxes in cases it was not paid on time. “All official activities of the income tax agency have remained suspended since the general holidays began on Mar 26 due to the coronavirus outbreak. Hence, both the taxpayers and the tax collecting authorities have already failed to comply with the rules of the Income Tax Ordinance, 1984,” he said. “Since the income tax authorities have failed to penalise the taxpayers on time, legal prospects of imposing liabilities for loss of revenues have emerged.

Source: bd News24 May 07, 2020 13:18 UTC