Bangladesh, Jan. 16 -- The National Board of Revenue (NBR) is now examining the tax returns of the owners of 930 luxury cars to find out whether they have evaded tax payment on account of the vehicles.
The tax authority has collected information about all luxury vehicles that were registered between July 2012 and June 2018 with the Bangladesh Road Transport Authority (BRTA). According to the BRTA data, there are 930 registered luxury vehicles in the country.
The taxmen have found that some people have registered 10 to 20 luxury cars, especially BMWs, under a single electronic Taxpayers Identification Number (e-TIN).
Officials said most of the taxpayers, who own multiple cars, show just one car in their tax returns to avoid payment of add...