Author: Shibli zaman | December 25, 2024
Filing an income tax return online in BD is a key responsibility for every individual earning an income in Bangladesh. The process is now more efficient and user-friendly thanks to advancements in digital tax services. Under the provisions of the Income Tax Act, taxpayers can easily navigate the return submission process using the National Board of Revenue’s (NBR) e-filing system. To get started, individual taxpayers need essential documents such as their TIN certificate, bank statement, and details of their income source. Additionally, contributions to a provident fund and applicable deductions are factored into the tax calculation. Understanding the current tax rate and ensuring accurate tax assessment information are critical for compliance. Filing an online return eliminates manual hassles and improves transparency. Whether a salaried professional or self-employed, this streamlined approach ensures you meet your obligations efficiently while taking full advantage of available tax services.
Why Should You File Your Tax Return Online?
Before we dive into the steps, it’s important to understand why filing taxes online is not only convenient but also essential:
- Convenience: You can file your return anytime, from anywhere, as long as you have an internet connection.
- Time-saving: Online filing eliminates the need for physical paperwork, reducing the time spent on manual submissions.
- Accuracy: The online system is designed to help reduce human errors and simplify the process with built-in checks.
- Transparency: Filing taxes online allows you to track the status of your return, ensuring transparency in the process.
- Access to Refunds: Filing online makes it easier to request a refund for any overpaid taxes.
Filing your income tax return online in Bangladesh has become more streamlined with the National Board of Revenue’s (NBR) e-Return system. Follow this step-by-step guide to file your income tax return for the assessment year 2025-2026:
Step 1: Register on the NBR E-Return System
If you haven’t registered yet, create an account on the NBR’s official e-Return portal:
- Access the E-Return Portal: Visit the official NBR e-Return website at https://etaxnbr.gov.bd/.
- Initiate Registration: Click the ‘Sign Up’ or ‘Register’ option.
- Provide TIN and Mobile Number: Enter your Taxpayer Identification Number (TIN) and biometrically registered mobile number (excluding the first zero).
- Complete Verification: Enter the captcha code and click ‘Verify.’ You’ll receive an OTP on your mobile; enter it to proceed.
- Set Password: Create a secure password for future logins.
Step 2: Gather Required Documents
Before filing, ensure you have the following documents:
- Taxpayer Identification Number (TIN): Mandatory for filing.
- Income Statements: Salary slips or income certificates.
- Bank Statements: Details of interest earned and investments.
- Proof of Deductions: Documents for allowable deductions like retirement fund contributions, donations, or medical expenses.
- Tax Payment Certificates: Receipts of any advance tax payments.
Step 3: Log in to Your E-Return Account
- Visit the E-Return Portal: Go to https://etaxnbr.gov.bd/.
- Enter Credentials: Input your TIN, password, and captcha code, then click ‘Sign In.’
- Access Dashboard: You’ll be directed to your dashboard upon logging in.
Step 4: Select the Assessment Year
Choose the assessment year 2025-2026 in the dashboard to align with the relevant tax period.
Step 5: Complete the Income Tax Return Form
- Access Return Submission: Click on the ‘Return Submission’ option.
- Provide Tax Assessment Information: Select the return scheme, income year, and source information. Indicate any tax-exempt income and your resident status.
- Enter Income Details: Specify your income sources, such as salary, business income, or other earnings.
- Declare Deductions: List eligible deductions, including investments, donations, or medical expenses.
- Review Tax Calculation: The system will automatically compute your tax liability based on the provided information.
Step 6: Review and Submit the Tax Return
- Verify Information: Ensure all entered details are accurate.
- Submit Return: Once confirmed, click the ‘Submit’ button.
- Obtain Confirmation: You’ll receive an acknowledgment receipt with a unique reference number after submission.
Step 7: Pay Any Additional Tax Liability
If the system indicates additional taxes owed:
- Make Payment: Follow the provided instructions to pay online.
- Choose Payment Method: Options include online banking, mobile financial services (e.g., bKash, Nagad), or bank payment slips.
- Retain Payment Confirmation: Keep a copy of the payment receipt for your records.
Step 8: Track Your Tax Return Status
- Log in to Your Account: Access your e-Return account.
- Check Status: Navigate to the ‘My Returns’ section to monitor your return’s progress.
Step 9: Receive Refund (If Applicable)
If eligible for a refund due to overpayment:
- Monitor Refund Status: Track the process through your e-Return account.
- Receive Refund: Refunds will be deposited into your designated bank account.
For more detailed information and access to the e-Return system, visit the official NBR e-Return portal: https://etaxnbr.gov.bd/.
Following these steps, you can efficiently file your income tax return online in Bangladesh.
Common Issues and Troubleshooting
Here are some common issues you might face when filing taxes online and how to resolve them:
- Incorrect TIN: Double-check that your TIN is correctly entered. If it’s wrong, contact the NBR for correction.
- Payment Issues: If you face issues with the payment gateway, ensure that your bank account is linked to the system and sufficient funds are available.
- Missing Documents: Ensure all supporting documents are attached before submitting the form. Incomplete submissions may delay the process.
Tips for a Smooth Online Filing Experience
- Start Early: Avoid the last-minute rush by starting your tax filing early. This gives you ample time to gather all necessary documents.
- Ensure Accuracy: Double-check all entries to avoid mistakes that could lead to penalties or delays in processing.
- Stay Updated: Keep an eye on any updates from the NBR regarding tax rates, exemptions, or filing deadlines.
- Consult a Tax Professional: If you’re unsure about any aspect of the process, consulting a tax expert or CA firm like “S. Rahman & Co.” can provide the guidance you need.
Conclusion
Filing your income tax return online in Bangladesh is a simple process when you follow the right steps. By utilizing the NBR’s e-filing portal, you can save time, avoid errors, and ensure that your taxes are filed correctly. Whether you’re an individual taxpayer or a business, the online system provides a hassle-free way to meet your tax obligations.
At S. Rahman & Co., we understand the importance of timely and accurate tax filing. If you need assistance with your tax return or have any questions regarding the process, don’t hesitate to contact us. Our team of experts is here to help you navigate the complexities of tax filing, ensuring you comply with all regulations while minimizing your tax liabilities.
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