The New Nation - Internet Edition

UNB, Dhaka

Clearing his stance against further extension of time of amnesty for legalizing undisclosed money earned honest way, the NBR chairman said they knew how to collect income tax. "If the undisclosed money holders do not disclose their money by September 30, we will put our all strength to dig them out and my organization is very much capable to do that," NBR chairman Badiur Rahman told UNB.

About his next action towards the undisclosed money holders he said that he has lot of information about the undisclosed money holders. "Address of house, number of cars, bank account - we have all the information. That is not the end, my intelligence cell working closely to identify the undisclosed money holders for a long time," he said.

Badiur said NBR would not only dig out the undisclosed money but also walk the legal path.

"We have already filed more than 25 cases under the income tax law that is very much new after the independence and we did not spare the big-shots. This is just a message to others that no one is above the law," he said.

The NBR chief said that they would hold another board meeting Today when couple of names would be included.

"We are just waiting to finish the period of amnesty," he said. of corruption and inefficiency of a section of NBR officials he said, "We have already punished some of them. Action against some others is in the process."

Describing various measurers taken for the current fiscal year, the NBR chief said that if the response from the tax-payers is positive, the ceiling of tax exemption will be raised further. The ceiling was raised to Tk 1.50 lakh from 1.20 lakh last year.

Meanwhile, the visiting IMF team met with the NBR chairman this morning.

"We discussed the revenue policy, tax reforms and GDP-tax ratio, Badiur Rahman said.

He said he told the IMF team his seven months experience showed that culture of nonpayment of tax, low salary of NBR officials are the main impediments to collection of higher revenue.

About the remedies, he pointed to the measures taken. He said he was optimistic of achieving revenue target set for this year.