265 luxury cars roam about 'untaxed'

265 luxury cars roam about ‘untaxed’


The National Board of Revenue (NBR) has found 265 luxurious cars like Mercedes, BMW and Land Rover roaming in the streets untaxed.
NBR Chairman Md Ghulam Hussain revealed the information on Sunday at a pre-budget discussion between the finance minister and chairmen of parliamentary standing committees.
Citing a survey conducted over the last six months, he said they had found 162,000 house-owners across the country, who do not pay income taxes on the rents they raise.“According to the survey, owners of 265 cars which include Mercedes Benz, Land Rover, BMW, dodge taxes worth billions of taka.”
He, however, did not speak of initiatives to make the owners pay those taxes at the discussion held at the National Economic Council.
Recommending measures to enhance direct tax in the ucpoming budget, Hussain said 1.2 million people filed income tax returns in the current fiscal. Last time it was 1.1 million.
There are 1.8 million Tax Identification Number (TIN) holders in the country now.-bdnews24.com


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