Tax collection from mobile cos rebounds in Dec-Jan

Staff Correspondent | Published: 23:17, Mar 11,2017

 
 

A file photo shows a man browsing internet on his mobile phone in Dhaka. The NBR’s revenue collections from mobile companies rebounded in December-January. — New Age photo

The government’s revenue collection from mobile phone companies increased by Tk 116 crore or 5.19 per cent in the July-January period of the current fiscal year compared with that in the same period of last fiscal year thanks to a growth in revenue income in December and January.
The revenue collection from the sector started to pick up in December due to an increase in mobile connection after a negative growth in the tax collection in the first five month of the FY 2016-17.
According to the National Board of Revenue data, the revenue board received Tk 2,342 crore in VAT, supplementary duty, SIM tax and source tax from five mobile phone operators — Grameenphone, Robi, Banglalink, Airtel and Teletalk — in July-January of FY17 against Tk 2,226 crore it collected in the same period a year ago.
NBR officials said that revenue collection first entered in the positive zone in December when revenue earnings increased by only Tk 19 lakh.
In July-January period of this fiscal year, sales of new SIM cards and replacement of old ones increased by 1,31,491 to 3,13,72,911.
In the same period of last fiscal year, the number of new and replaced SIM cards was 3,12,41,420.
The sales of new SIM cards of Grameenphone, Robi, Banglalink, Airtel and Teletalk, however, dropped by 7,42,058 in July-January, the data showed.
A total of 2.39 crore new SIM cards were sold in the seven months of the current fiscal year against 2.46 lakh sold in the same period of last fiscal year.
Replacement of existing SIMs, however, increased by 8.7 lakh in the months of the current fiscal year compared with that in the same period of last fiscal year.
In FY16, the large taxpayers unit (LTU-VAT) got Tk 3,717 crore from Grameenphone, Robi, Banglalink, Airtel, Citycell and Teletalk.
According to the LTU data, revenue collection in the forms of SIM tax, SD and VAT increased by 0.42 per cent, 30.58 per cent and 0.72 per cent respectively in the period while source tax dropped by 8.46 per cent.
In the current fiscal year, the government increased SD to 5 per cent on mobile services including voice call from 3 per cent.

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images