Bangladesh extends income tax return deadline by a month to Dec 31

Individual taxpayers can now file their income tax returns for the FY 2024-25 until Dec 31, instead of the earlier deadline of Nov 30.

The National Board of Revenue, or NBR, issued an order on Sunday, extending the deadline by one month, reports bdnews24.com.

In a media statement, the NBR’s public relations division announced that the deadline extension came in response to requests from taxpayers across various professions. To facilitate their convenience, the NBR decided to extend the filing period for both online and paper submissions, applicable to all taxpayers except companies.

The NBR also clarified that taxpayers who file their returns within the extended period will not face any penalties.

Under the Income Tax Act 2023, the original deadline for filing returns for the 2024-25 fiscal year was Nov 30 for all individual taxpayers except companies.

This year, the NBR has made it mandatory for certain groups to file returns online, including government employees in Dhaka North, Dhaka South, Gazipur, and Narayanganj city corporations; officials and employees of all scheduled banks across the country; employees of mobile telecom service providers; and staff of some multinational companies.

So far, 375,000 taxpayers have successfully filed their e-returns, the NBR said.