CCCI holds workshop on digital tax return

The Chittagong Chamber of Commerce and Industry (CCCI) and SMAC Advisory Service Limited jointly organised a workshop on personal tax return submission on Tuesday.

The workshop was held at Bangabandhu Conference Hall at the World Trade Centre in Chattogram on Tuesday, according to a press release.

CCCI President Omar Hazzaz chaired the worsdhop, while Tax Commissioner of Chattogram Tax Zone-3 Dr Ikhtiaruddin Md Mamun, attended as the guest of honour.

SMACIT Limited Snehashish Barua highlighted various aspects related to the payment of personal income tax returns in the programme.

Income tax is one of the main sources of revenue for the government. However, many people are not aware of income tax payments, said the CCCI president.

He said the tax net should be increased without depending on fixed areas of taxpayers.

He pointed out that to encourage the middle-income people of the country to pay tax returns, the tax rate needs to be brought to a tolerable level, the release said.

Tax commissioner Ikhtiaruddin said the government has made it mandatory to file income tax returns for receiving more than 40 services under the new Income Tax Act.

Again, the Act has also made it mandatory for all government employees to submit returns.

Under the new law, taxpayers who fail to file returns by November 30 will be denied tax exemption and tax rebate benefits, he said.

President of Chittagong Taxes Bar Association Nur Hossain, Senior Partner of MM Rahman and Company Siddharth Barua, and Vice President of the Institute of Chartered Accountants Bangladesh Zahirul Islam, among others, were present at the event.