The National Board of Revenue (NBR) has taken steps to place greater emphasis on ensuring submission of PSR (Proof of Submission of Income Tax Return) in related areas aimed at widening the tax net and improving collection of revenue.

NBR Chairman Md Abdur Rahman Khan recently held a meeting in this regard during which he asked the officials to be more active in this matter.

PSR is now mandatory for 43 departments to implement the NBR decision and collect the public exchequer.

According to the meeting, the NBR Chairman directed the field officials to ensure submission of PSRs in the concerned departments.

Recently, Khan told reporters that if local government could be used properly, it would be beneficial for the tax authority to widen its tax net and tax collection.

In this regard, he said that for any construction of a building under Rajuk, CDA, KDA, RDA and others, submission of PSR is mandatory.

“We could send inspectors there to see whether the relevant authorities are following the rules correctly or not,” he said.

The NBR chief mentioned that if the authorities concerned fail to follow the rules, the NBR would sensitize them.

“After that, we will send our team there to convince them, and finally we will implement the related laws which would be a fine to make it mandatory,” he said.

He hoped that if PSR submission is maintained in every enlisted service and followed properly, it would be beneficial to increase the number of TIN holders and the number of tax returns.

He also said that there is an allegation that the country’s net tax amount is too low with a low tax collection amount.

“If we can ensure the PSR is submitted, that would also help us put pressure on ordinary taxpayers,” he said.

The NBR president said with the increase in net tax, it would be helpful for his organization to provide relief to other regular taxpayers.

Currently, the tax-to-GDP ratio is only 7.3% in the country, while it stands at 12% in India, 17.5% in Nepal, 12.3% in Bhutan and 7.5% in India. % in Pakistan.

Only 5.2% of the population has registered as taxpayers, compared to 23.08% in India.

Currently, the number of taxpayers registered with e-TIN has exceeded one million. Till April last financial year, the NBR received 41 lakh tax returns from taxpayers, mainly individuals, which was 27 per cent more than that of the same period of the financial year 2023-24.

Currently, income tax accounts for approximately 33% of the total revenue collected by the BNR. The average growth in income tax collection is over 16%.

Services that require a PSR are:

1. Apply for a loan above Tk 20 lakh from a bank or financial institution.

2. Become a director or sponsor shareholder of a company.

3. Obtaining or maintaining an import registration certificate or an export registration certificate.

4. Obtaining or renewing a commercial license in the territory of a municipal corporation or municipality.

5. Obtaining registration of any cooperative society.

6. Obtaining or renewing a license or registration as a general insurance adjuster.

7. Obtain registration, by a resident, of the deed of transfer, baynanama or power of attorney or sale of land, building or apartment located in a municipal corporation or municipality of a district capital or cantonment board, when the value of the document exceeds Tk 10,000,000.

8. Obtain or maintain a credit card.

9. Obtain or maintain membership in the professional order as a physician, dentist, lawyer, chartered accountant, management and management accountant, engineer, architect or surveyor or any other similar profession.

10. Obtain and maintain a Nikah Registrar’s License under the Muslim Marriages and Divorces (Registration) Act 1974 (LII 1974).

11. Obtain or maintain membership in any trade or professional organization.

12. Obtaining or renewing a drug license, fire license, environmental clearance certificate, BSTI license and authorization.

13. Obtaining or maintaining commercial and industrial gas connection in any area and obtaining or maintaining residential gas connection in the area of ​​the municipality.

14. Obtain or pursue a certificate of inspection of any nautical vessel, including launch, steamboat, fishing trawler, cargo, coaster, mute barge, etc., sailing for hire.

15. Obtaining permit or renewal of permit for manufacturing of bricks from the Deputy Commissioner of a district or the Department of Environment, as the case may be.

16. Obtain admission of a child or dependent to an English-medium school providing education according to an international curriculum or an English version of the national curriculum, located in any municipal corporation, capital district or municipality.

17. Obtaining or maintaining electricity connection in a municipal corporation or cantonment board.

18. Obtain or maintain the agency or concession of a company.

19. Obtaining or maintaining a weapons license.

20. Opening a Letter of Credit (LC) for import purposes.

21. Opening of postal savings accounts exceeding Tk 5 lakh.

22. Opening and maintaining bank accounts of any kind with a credit balance exceeding Tk 10 lakh.

23. Purchase of savings instruments (Sanchayapatra) exceeding Tk 5 lakh.

24. Participate in any election in the upazila, municipality, zila parishad, municipality or Jatiya Sangsad

25. Participate in a shared economic activity by providing motor vehicles, space, accommodation or any other asset.

26. Receive any payment which constitutes income of the beneficiary classifiable under the heading “Salaries” from any person employed in the management or administrative function or in any supervisory position in the production function.

27. Receive salaries and allowances from civil servants.

28. Receiving any commission, fee or other amount in connection with a transfer of money via mobile banking or other electronic means or in connection with the top-up of a mobile phone account.

29. Receive any payment by a resident of a business in respect of any consultancy or expertise service, catering service, event management service, provision of labor or provision of security service.

30. Receive any amount from the government under MPO if the payment amount exceeds Tk 16,000 per month.

31. Registration or renewal of the agency certificate of an insurance company.

32. Registration, change of ownership or renewal of fitness of a motor vehicle of any type excluding two and three wheels.

33. Provision of foreign grants to a non-governmental organization registered with the NGO Affairs Bureau or to a microcredit organization licensed with the Microcredit Regulatory Authority.

34. Sale of any goods or services through any digital platform to consumers in Bangladesh.

35. Application for membership of a club registered under the Companies Act 1994 and the Societies Registration Act 1860.

36. Submission of tender documents by a resident for the supply of goods, execution of a contract or provision of a service.

37. Receiving any type of product or service from any company or business.

38. Presentation of bill of entry for import or export from Bangladesh.

39. Submit a plan for the construction of a building for the purpose of obtaining approval from Rajdhani Unnayan Kartripakkha (Rajuk), Chittagong Development Authority (CDA), Khulna Development Authority (KDA) and Rajshahi Development Authority (RDA) or any other concerned authority in any municipal corporation or municipality.

40. Registration of document writers, stampers and court fee sellers.

41. Opening of bank accounts of cooperatives, trusts, NGOs, etc.

42. Rental and leasing of houses in municipal areas.

43. Products supply and provide services to certain entities.