NBR to ‘get tough’ to realise Tk 32,876cr from four gas cos, BPC

Staff Correspondent | Published: 23:25, Dec 27,2016

 
 

The National Board of Revenue on Tuesday asked its two field offices to take ‘final steps’ to realise Tk 32,876 crore in outstanding revenues from state-owned four gas companies and Bangladesh Petroleum Corporation.
NBR chairman Md Nojibur Rahman at a meeting on the day gave the instruction to the large taxpayers unit (value-added tax) and Chittagong Customs, Excise, and VAT Commissionerate to take steps in this connection.
He chaired the monthly revenue meeting with the commissioners of the income tax wing held at the NBR headquarters in Dhaka, said a NBR press release issued on Tuesday.
Of the outstanding amount, Titas, Bakhrabad, Jalalabad and Karnafuli gas transmission and distribution companies under the Petrobangla owe Tk 30,858 crore in customs duty, supplementary duty and interest which the companies have not paid on distribution of gas extracted by the international oil companies since 2009.
On the other hand, BPC owes Tk 2,018 crore in VAT and other taxes on import of petroleum products.
The LTU (VAT) has already issued seven demand notices to the gas companies since May 2015. The last notice was issued on December 14.
The NBR chairman also instructed the tax officials to take ‘final steps’ to realise dues from taxpayers,  including from the government offices.
He also asked the income tax commissioners to take stern actions against the tax dodgers.
At the meeting, the revenue board reviewed the growth of tax payments by the top 50 income tax payers from every tax circles in last three years.
The NBR chairman also asked the field offices to bring all eligible economic entities under the income tax net.

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