Income tax receipts not in tandem with rising TINs
Dhaka, Nov. 27 -- The growth in income tax collection has not been consistent with the rise in the number of TIN (taxpayers' identification number) holders, raising concerns among the experts at a seminar on Saturday.
They suggested modernisation of the outdated tax laws and systems as well as bringing qualitative changes in the taxpayers so that they become willing to pay tax.
According to a gross estimation-based analysis presented at the seminar, the average collection per registered taxpayer dropped to Tk112,975 in Financial Year (FY) 2021 from that of Tk143,942 in FY 2019.
The number of TIN holders jumped to 7.4 million in 2021 from 4.3 million in 2019, it added.
Chartered Accountant Snehasish Barua, a member of the Institute of ...
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