Tax return submission deadline extended till Dec 31

Bangladesh has extended the cut-off time for individual taxpayers to file their income tax returns by one month to December 31 amid demands for a deadline extension, says Abu Hena Md Rahmatul Munim, chief of the National Board of Revenue.

The NBR begins offering its tax month services every year on November 1. According to the rules, taxpayers can submit their income tax returns until November 30 without suffering a penalty, reports bdnews24.com.

However, amid the recent economic instability, various business organisations had called for the deadline to be extended.

The Federation of Bangladesh Chambers of Commerce and Industry submitted their demand to the NBR chairman.

On Wednesday, at an event celebrating Income Tax Day, the NBR chairman announced the extension of the deadline, which allows taxpayers to file their returns by December 31 without facing a penalty.