NBR rejects DCL’s VAT cut proposal

Staff Correspondent

8 April, 2021 12:00 AM printer

The National Board of Revenue (NBR) has rejected the proposal of Dhaka Club Limited (DCL) to cut Club’s dues of Value Added Tax (VAT) worth Tk 340 million for last five years.

DCL has to pay Tk 340 million as VAT to National Board of Revenue (NBR).

DCL applied to the NBR on February 25, 2021 regarding the VAT exemption.

Kazi Rezaul Hasan, Secretary-2 (VAT law and policy) sent a letter on March 29, 2021 expressing inability of the prayer, NBR officially confirmed it on Wednesday.

The NBR official said that according to the VAT law and regulation, NBR

has not been given the authority to the exemption of VAT.

 Earlier, NBR plans to take legal actions, including freezing of bank account, against DCL on charge of ‘dodging’ Value Added Tax (VAT) worth Tk 34 crore.

“We have held meeting several times with DCL to realise the unpaid VAT but we did not get any response from them,” said commissioner of customs, excise and VAT commissionarate (Dhaka South) of NBR Kazi Mostafizur Rahman.

He said that DCL did not pay any VAT on the sales of food and sweet items over the last five years. It also did not pay any VAT on its other services, including bar and salon, he added.