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The Financial Express

Budget for fiscal year 2022-23

Provision requires proof of return submission

| Updated: June 12, 2022 14:20:13


Provision requires proof of return submission

The Finance Bill 2022 has incorporated a provision under which proof of submission of tax return will be required for obtaining various services and serving other purposes.

"Notwithstanding anything contained in this Ordinance, a person shall be required to furnish a proof of submission of return in certain cases," said the Financed Bill 2022, which was placed before the Parliament on Thursday.

The cases include applying for loan, exceeding Tk 0.5 million from any bank or financial institution, becoming a director or a sponsor shareholder of a company, obtaining an import or export registration certificate, obtaining or renewal of any trade any licence in city corporation or paurashava areas and obtaining registration of co-operative society, obtaining or renewal of license or enlistment as a surveyor of general insurance, obtaining registration, by a resident, of the deed of transfer, baynanama or power of attorney or selling of a land, building or an apartment situated within a city corporation or a paurashava of a district headquarter or cantonment board, where the deed value

Production of such proof will also be required, among others, for obtaining or maintaining a credit card, obtaining or continuing the membership of the professional body as a doctor, dentist, lawyer, chartered accountant, cost and management accountant, engineer, architect or surveyor or any other similar profession, obtaining and retaining a license as a Nikah Registrar under the Muslim Marriages and Divorces, obtaining or continuing the membership of any trade or professional body, obtaining or renewal of a drug license, a fire license, environment clearance certificate, BSTI licenses and clearance, obtaining or continuing commercial and industrial connection of gas in any area and obtaining or continuing residential connection of gas in city corporation area.

It will be required also for obtaining or continuing a survey certificate of any water vessel including launch, steamer, fishing trawler, cargo, coaster and dumb barge etc., plying for hire; obtaining the permission or the renewal of permission for the manufacture of bricks by Deputy Commissioner's office in a district or Directorate of Environment, obtaining the admission of a child or a dependent in an English medium school providing education under international curriculum or English version of national curriculum, situated in any city corporation, district headquarter or paurashava, obtaining or continuing the connection of electricity in a city corporation or cantonment board, obtaining or continuing the agency or the distributorship of a company, obtaining or continuing a license for arms, opening a letter of credit for the purpose of import, opening postal savings accounts of Taka exceeding 0.5 million, opening and continuing bank accounts of any sorts with credit balance exceeding Taka 1.0 million, purchasing savings instruments (Sanchayapatra) of Taka exceeding 0.5 million, participating in any election in upazilla, paurashava, zilla parishad, city corporation or Jatiya Sangsad.

Besides, it will be required for participating in a shared economic activities by providing motor vehicle, space, accommodation or any other assets, receiving any payment which is an income of the payee classifiable under the head "Salaries" by any person employed in the management or administrative function or in any supervisory position in the production function, receiving any payment which is an income of the payee classifiable under the head "Salaries" by an employee of the government or an authority, corporation, body or units of the government formed by any law, order or instrument being in force, if the employee, at any time in the income year, draws a basic salary of taka sixteen thousand or more, receiving any commission, fee or other sum in relation to money transfer through mobile banking or other electronic means or in relation to the recharge of mobile phone account, receiving any payment by a resident from a company on account of any advisory or consultancy service, catering service, event management service, supply of manpower or providing security service, receiving any amount from the Government under the Monthly Payment Order (MPO) if the amount of payment exceeds taka sixteen thousand per month, registration or renewal of agency certificate of an insurance company, registration, change of ownership or renewal of fitness of a motor vehicle of any types excluding two and three wheeler, releasing overseas grants to a non-government organisation registered with NGO Affairs Bureau or to a Micro Credit Organisation having licence with Micro Credit Regulatory Authority, selling of any goods or services by any digital platforms to consumers in Bangladesh.

Other required cases include submitting application for the membership of a club registered under Companies Ac 1994 and Societies Registration Act, 1860 (Act No. XXI of 1860), submitting tender documents by a resident for the purpose of supply of goods, execution of a contract or rendering a service, submitting a bill of entry for import into or export from Bangladesh, submitting plan for construction of 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 other concerned authority in any city corporation or paurashava.

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