Dhaka, Bangladesh (BBN)- The National Board of Revenue (NBR) has further extended the deadline for e-TIN registration by three more months after it found nearly 50 per cent of the existing taxpayers yet to obtain the online TINs.
The time for online TIN registration was scheduled to expire Monday (March 31). The NBR has extended the time until June 30, 2014.
There are 3.8 million TIN holders across the country. Of them, some 1.7 million have valid address that can be identified later, according to the NBR statistics.
Until Monday, a total of 1.1 million taxpayers obtained e-TINs. Of them, 885,244 are exiting taxpayers who reregistered themselves by obtaining fresh TINs while 253,000 are new taxpayers.
Existing and new taxpayers will be able to obtain 12-digit e-TINs within the stipulated time. The NBR introduced the online TIN system from July 1, 2013 to bring discipline in the TIN system.
A press release, signed by Senior Information Officer of NBR Syed A Momen, said the existing 10-digit TIN holders can use their old TINs until the deadline.
It also said the taxmen will take punitive measures in line with the income tax ordinance, 1984 if any taxpayer fails to obtain an e-TIN by June 30, 2014.
"The NBR has extended the deadline for e-TIN registration by three months following request of the businesses and other stakeholders," it said.
BBN/SSR/AD-01Par14-12:32 pm (BST)
