DHAKA: Bangladesh's army-backed interim government approved on Thursday an act to prevent money laundering and terror financing, officials said. Government officials say effective implementation of the anti-money laundering laws would drastically cut sources of terror funding. Bangladesh's tax authority on Thursday said they had started a major drive to boost revenue, aiming to add 365,000 new taxpayers in the current fiscal year started July 1.
The drive is aimed at boosting domestic resources and reduce dependence on foreign aid for development of economy and infrastructure, a senior official with the National Board of Revenue (NBR) said.
"We have fixed a target of 365,000 new taxpayers in the current fiscal year," said Alamgir Hossain, additional commissioner of taxes, at the National Board of Revenue (NBR). The drive began on Thursday in an effort to achieve the tax revenue target of 438.5 billion taka for the fiscal year. "Some 100 inspectors have been asked to identify at least 10 new taxpayers per day," Alamgir said, adding "no harassment to the honourable taxpayers will be tolerated." The country's tax authority has vowed tough action against evaders.
http://www.thenews.com.pk/daily_detail.asp?id=63283
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