National Board of Revenue is looking into tax compliance issues of Dr Kamal Hossain, top leader of opposition alliance Jatiya Oikya Front, following recommendation of Anti-Corruption Commission.
NBR chairman Md Mosharraf Hossain Bhuiyan on Sunday said that they were examining the issue but the process to investigate into tax related issues usually took time as they needed to search bank accounts of alleged taxpayer.
‘We will also deal with the issue carefully keeping the upcoming national elections in mind so that the move doesn’t affect the election process,’ he said at a press briefing held at his office.
NBR arranged the briefing on the occasion of National VAT Day to be celebrated today.
Value-added tax wing celebrates the day on December 10 every year to raise awareness among traders and consumers about payment of VAT properly.
If NBR took hard-line, many people might think that NBR was moving fast with the issue as his (Kamal) party was participating in elections as part of opposition alliance, NBR chairman said.
‘We are aware about it,’ he said.
Earlier in November, ACC in a letter to NBR wanted to know whether Kamal Hossain, also president of Gono Forum, evaded income tax or if there was any bank account which he did not disclose with the tax returns.
Mosharraf said that NBR would implement the new VAT law-2012 from the next fiscal year 2019-2020 with multiple VAT rates instead of single rate of 15 per cent.
NBR might keep three VAT rates as 15 per cent uniform rate was not perfect for the country’s economic context, he said.
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