Govt plans to raise number of registered taxpayers to 10m in FY23

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DHAKA, June 7, 2018 (BSS) – The government plans to raise the number of
registered taxpayers to 10 million and increase the number of tax return
filers to eight by the end of fiscal year 2022-23.

Finance Minister AMA Muhith announced the new target while placing the
national budget for fiscal year 2018-19 in Jatiya Sangsad today.

He said since the Awami League government’s 2011 tax reforms, the number
of taxpayers has tripled and the number of return filers has increased from
900,000 to nearly 1.6 million.

Muhith expressed his hope that this positive trend in tax compliance
would continue while setting out the five-year targets.

He said the government has not increased tax rates for several years,
choosing instead to lower them.

He said most taxpayers comply with the law and pay their dues. The
government is strengthening the enforcement mechanism against non-compliers,
he added.

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