Call for taking softer stance on VAT collection | 2017-12-11 |

National VAT Day Observed

Call for taking softer stance on VAT collection

Staff Correspondent     11 December, 2017 12:00 AM printer

Call for taking softer stance on VAT collection

National Board of Revenue (NBR) Chairman Md Nojibur Rahman inaugurates the ‘National VAT Day and VAT Week -2017’ at NBR Headquarters at Agargaon in the capital on Sunday

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Shafiul Islam Mohiuddin on Sunday urged the government to play a lenient role while realising VAT considering the country’s overall socio-economic condition.

The FBCCI chief made the appeal while addressing the inaugural programme of National VAT (Value Added Tax ) Week-2017 at NBR’s under-construction headquarters at Agargaon in the city on Sunday.

The National Board of Revenue (NBR) organised the event to celebrate of the 'National VAT Day' as well as the 'National VAT Week’ that begin on Sunday.

Industries Minister Amir Hossain Amu, who attended the programme as the special guest, also supported the FBCCI’s plea stressing the need for bringing more transparency and accountability while collecting VAT. He also asked officials concerned to bring back consumers’ confidence and make VAT people oriented.

Referring business people’s opposition to the new VAT law last year, Standing Committee’s Chairman on Finance Ministry Dr. Abdur Razzak also highlighted the urgency for reform in VAT law 2012 in order to make it logical and more business friendly. He urged the NBR to take specific measures to bring the change in VAT law to make people especially the business community free from all confusion.

Finance Minister AMA Muhith attended the programme as the chief guest which was also addressed among others by State Minister for Finance and Planning MA Mannan. NBR Chairman Md Nojibur Rahman preside over the event.

The NBR awarded a total of 149 businesses as highest VAT payers recognising their contribution to the public exchequer. Of them, nine highest VAT paying businesses are at national level while the rest 140 are at district level.

Among the national level highest VAT payers, three were awarded under production category. They are Narsingdi Gas Field, Healthcare Pharmaceuticals Limited and Barger Paints Bangladesh.

SC Johnson Private Limited, Unimart Limited and Prince Bazar Limited received the awards under business category.

Federation of Bangladesh Chambers of Commerce and Industries (FBBCI), Dhaka Chamber of Commerce and Industry (DCCI), Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), Bangladesh Television, Bangladesh Betar, Press Information Department (PID), Bangladesh Television, Department of Films and Publications (DFP), Directorate of Mass Communication and Economic Reporters' Form (ERF) also received the honour as Revenue partners for playing a role in creating public awareness about VAT using different innovative programmes.

Fiber at Home Ltd, One World Aviation Ltd and Bureau Veritas Ltd also received the awards under service category.

Eminent actor Ferdous also awarded as Revenue partner, for playing a role in creating public awareness on VAT through TVC (Television commercial.

About 15 reporters and producers from various newspapers, TV, radio and online media were also honoured as Revenue partners.