In a press release issued on Monday, July 14, the NBR revealed that Tk 117.43 crore has already been recovered from 63 individuals and organizations and deposited into the government treasury. This recovery comes from a total of 231 invoices, which were part of the ongoing investigation into the widespread tax evasion.
The NBR’s investigation, based on intelligence activities, has led to the identification of the evasion, with the agency continuing to probe further into the matter. So far, over a hundred bank accounts linked to specific cases of tax evasion have been frozen.
The press release highlighted that these efforts by the Income Tax Intelligence and Investigation Unit represent significant progress in the country’s revenue sector, especially in terms of ethics, technology, and legal measures. The success of the unit in uncovering such a large amount of evasion demonstrates its potential to not only enhance revenue collection but also foster a greater culture of tax compliance among taxpayers.
The NBR also pointed out that there are separate intelligence units under its umbrella for detecting tax evasion, including those in the Income Tax, VAT, and Customs Departments. Additionally, a dedicated Central Intelligence Cell (CIC) operates under the NBR to coordinate intelligence activities across all sectors.
With this major step forward in cracking down on tax evasion, the NBR aims to strengthen the nation’s tax system and ensure that more individuals and organizations comply with tax laws, contributing to the country’s economic growth.
