Thursday, 28 September, 2023

HC asks Dr Yunus to pay over Tk 12 crore as donation tax

The High Court on Wednesday asked Nobel Laureate Professor Dr Muhammad Yunus to pay over Tk 12 crore as donation tax to the National Board of Revenue (NBR).

The HC bench of Justice Muhammad Khurshid Alam Sarkar and Justice Sardar Md Rashed Jahangir passed the order after rejecting the petition of Dr Yunus challenging the notice of NBR.

Barrister Mostafizur Rahman stood for Dr Yunus while Attorney General AM Amin Uddin represented the state.

On May 23, Dr Yunus filed a petition challenging the notice issued by NBR claiming tax Tk 15 crore on donation.

The HC fixed May 31 for hearing the petition.

According to the petition, NBR served three separate notices claiming Tk 12,28,74,000 as tax against Tk 61.57 crore as donation during 2011-2012 fiscal year, Tk 1.60 crore tax against Tk 8.15 crore as donation in 2012-2013 FY and Tk 1.50 crore as tax against Tk 7 crore as donation in 2013-2014 FY as per the Donation Tax-1990.