RJSC sees 70pc increase in non-tax revenue income

FT ONLINE

The Registrar of Joint Stock Companies and Firms (RJSC) collected over Tk 4.03 billion in non-tax revenue in fiscal year (FY) 2018-19, an increase of nearly 70 percent over the previous fiscal, according to the official data.

Its non-tax revenue income stood at over Tk 2.37 billion in FY 2017-18, the data available with the government entity show.

However, the non-tax revenue income did not grow as much as expected in the first four months of the current FY. It earned only Tk 524 million in the July-October period of FY 2019-20.

A senior official of the RJSC said the income of the entity generally remains low at the beginning of every fiscal year. It increases at the end of the fiscal year.

According to the data, the earnings from stamp duty have surged to Tk 2.18 billion in FY '19 from Tk 562 million in FY '18.

The RJSC has 3 branch offices in Rajshahi, Chittagong and Khulna and its head office is located in Dhaka.

In 2009, the RJSC launched an online registration system to make easier for business entities to have them registered with it.

The RJSC has been working continuously to achieve its main objective of creating an enabling environment for its clients by improving its services, said another high official of the entity.

So far, a total of 235,546 companies got registered, according to the RJSC data.