National Board of Revenue (NBR)

National Board of Revenue (NBR)

National Board of Revenue (NBR): It is the highest administrative authority of tax administration. It is a body consists of a chairman member (tax-1), member (tax-2) law officer and a few first and second secretaries. The chairman and the members of this board are appointed by the government and they work under the direct control of the finance ministry of government.

NBR is responsible for formulation and continuous re-appraisal of tax-policies and tax-laws in the country like Bangladesh. The NBR is empowered to make necessary rules concerning income tax matters but not authorized to give any interpretation of any word used in any section of ITO.

It is a body consists of a chairman, members, officers, and secretaries. The chairman and the members of this board are appointed by the government and they work under the direct control of the finance ministry of the government.

Powers and Function of NBR

(a) Section 2(5A): To give approval of gratuity fund in accordance with provisions of Part C of the First Schedule.

(b) Section 2(6): To give approval of superannuation fund or pension fund in accordance with the provisions of Part A of the First Schedule.

(c) Section 2(20) (c): Power to declare any unincorporated foreign association or body to be a company by a general of the special order for the purpose of ITO, 1984.

(d) Section 2(35) (e): Power to declare any such determined as income year in the case of any person.

(e) Section 4: Power to appoint as mans CCT, DGIs, Commissioners, Commissioners (Appeals), JCT, DCT, TRO, ACT and other executive or ministerial officers and staffs as it may think fit.

(f) Section 4A: Top delegate power of certain authorities by notification in the official gazette.

(g) Section 6: To determine the function of the DG of Inspection, the Commissioners, the Appellate JCT, the Commissioner, the Inspecting Joint Commissioner and to determine the jurisdiction of income tax authorities.

(h) Section 8: Power of issue orders, directions, instructions from time to time for discharging the functions of all offers and other persons engaged in the performance of any functions under ITO.

(i) Section 9: To authorize any person for assisting, guiding and instructing the Deputy Commissioner of Taxes in the course of any proceedings under this ordinance.

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