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Advance Income Tax, NBR and Language of threat June 10, 2009

Posted by bdoza in BANGLADESH, ECONOMY, Income Tax.

In the last few days we have come across a notice from the NBR in different dailies to submit 4th quarter of Advance Income Tax for the year for the financial year 2008-09.

In the notice the authority asked the taxpayers to submit the tax by 15th of June, 2009 in advance for the 4th quarter along with the payment of the earlier quarters if not paid already.

In the notice, it is threatened that if the tax is not paid in the defined time, the taxpayers will be fined the same amount of money they are to pay as taxes according to the Income Tax Ordinance of 1984, clause 125 and will have to pay interest at the rate of 10% according to the clause 73.

It is common practice that the taxpayers submit their taxes at the end of the financial year usually by the next September, sometimes the time is extended depending on the political situation and natural calamities.

Giving advance payment of taxes should be taken as a good gesture on the part of the citizens and NBR should think how to reward this good citizens.

NBR should in no way talk in the language of threat for failure of advance payment of taxes. If there is any laws and regulations for threat in the Ordinance that should be changed as the language represent the colonial mentality of the pre-liberation era that cannot differentiate between good and bad deeds of the citizens.

The ordinary citizen opines that for payment of advance taxes, not the language of threat but language of appreciation from NBR should be extended.

An ordinary citizen


1. Mohammad rafiqul Islam - October 16, 2009

is there any advance income tax on indirect export

bdoza - October 16, 2009

I am not an Income Tax Lawyer. But when I asked a Lawyer he said that it is the rule to give advance tax on indirect export. Checkit with your lawyer.

2. samisosa - February 8, 2010

Tax is the price citizens pay for living in a civilized country. If you do not pay taxes, you do not have any rights to use public services like roads and highways, police service, emergency service and many other. So, unless you live in the jungles of Africa, you owe taxes.

Those who will owe large amount of tax are required to make estimated payments (in Bangladeshi term advance income tax) because of couple of reasons – mainly to make sure taxpayers do not end up not having the money at the year end to pay taxes owed, and to earn interest on those estimated payments.

After I read your article, it seemed to me that you think you’re doing a favor to the country by paying taxes. But you’re being ignorant and idiot by thinking so — you’re not doing any favor to anyone by paying taxes, you must pay taxes if you live in a civilized country for all the services that you receive from the government.

3. Md. Ziaul Haq - October 29, 2010

What is AIT? tell about AIT in Bangladesh?

4. Tasmiah - October 12, 2011

what is the AIT rate applicable for consultancy fee?

5. Mizanur Rahaman - January 26, 2012

Definition of AIT and calculation

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