The National Board of Revenue (NBR) has started the work of appointing private individuals for field level tax collection. The organization has invited applications to become income tax return preparer. The application has been accepted online from Sunday (December 17). It will continue until next January 25. Then the recruitment exam will be held.
Those who pass the exam will be given income tax return preparer certificate. NBR's Tax (BCS) Academy is handling the entire process. Various media have already issued notices asking for the application of income tax return preparers. Aspirants can apply through government-owned mobile phone operator Teletalk. The address of Teletalk is http://bcsta.teletalk.com.bd
Each applicant has to pay 1000 rupees for application. Apart from this, you have to pay another 112 rupees for Teletalk service charges. The total cost to apply will be 1 thousand 112 taka.
But those who will get the certificate will not be able to prepare income tax return this year. Because returns can be submitted till January 31. All formalities for issuance of income tax return preparer's certificate cannot be completed in the mean time.
NBR is working to appoint private persons with the aim of increasing tax collection from the field level, but these persons will not have the power to collect taxes. They will only assist taxpayers in preparing and filing their returns. These persons cannot be the legal representative of the taxpayer. The taxpayer does not have to pay any money to avail such assistance. NBR has already released Income Tax Return Preparation Rules.
Director of NBR's Tax Academy (BCS) Hafiz Al Asad said, "We want to complete the entire process quickly. It will be known how many applications are received after January 25. It depends on how quickly we can complete the entire process with the exam. Such income tax return preparers will be very helpful for taxpayers.
Eligibility and recruitment process
An applicant must be a citizen of Bangladesh. However, you will not get return preparer certificate if you do government job. Candidate must have at least graduation pass. The person must, however, be a Tax Identification Number (TIN) holder and have proof of return filing. Should have knowledge of computer operation and information technology.
However, the certificate of return preparer has to be obtained by passing the examination in NBR. Some professionals can obtain a return preparer certificate without an exam. The list includes – Chartered Accountants, Secretarial Skills, Bangladesh Bar Council Registered Lawyers and Tax Lawyers.
Area based institutions will be appointed to assist return preparers. The preparation of these returns will be under the purview of that supporting institution.
Payment Source for Income Tax Return Preparer:
NBR will pay the return preparer. The return preparer will get a portion of the tax paid by the taxpayer. According to NBR's draft policy, 10 percent on minimum tax for the first three years; 2 percent on the next 15 thousand taka, 1 percent on the next taka 50 thousand and 10.5 percent on the remaining tax.
On the other hand, 5 percent on the minimum tax for the fourth and fifth years; The return preparer will get 1 percent on the next 15,000 taka, 5.5 percent on the next 50,000 taka and 1.25 percent on the remaining tax.
After five years of assisting a taxpayer in filing returns in this way, the return preparer will no longer get incentives from the sixth year onwards. On the other hand, the assisting institution can charge 10 percent of the incentive due to the return preparer as service charge.
A return preparer cannot apply directly to NBR for getting incentive money. How many taxpayers a return preparer has served in a season, that information will inform the support agency. The supporting institution will apply to NBR accordingly. The tax officials will then scrutinize the application and release the money.
For details please see the circular image given below:
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