Dhaka: The weeklong annual Income Tax Fair will be inaugurated at the National Board of Revenue (NBR) office at Agargaon in Dhaka on 1 November.

The fair usually held at mid-September.

The NBR will also observe 30 November as the National Income Tax day.

30 November will be the last date for the submission of income tax return unlike the previous years when September 30 was the last date for the submission.

‘There’s no option to extend the deadline through an executive order as the 2016-17 budget has fixed it…the budget is a law,’ an NBR senior official told UNB.

The fair will be held in all divisional headquarters, districts and in some upazilas as well. The duration of the divisional level fair will be of seven days while that of district level of four days.

The NBR last time held tax fair in 86 upazilas across the country. It collected Tk 2035.32 crore as revenue from the weeklong fair last year. Some 757,754 taxpayers got various services from the fair whereas a number of 161,060 taxpayers submitted their income tax returns in the fair.

This year, the NBR will collect income tax returns in both old and new formats, and the new format will be applicable next year.

To reduce the hassles of taxpayers, the NBR has simplified the income tax return form from this fiscal, the NBR official said.