GP becomes largest tax payer again

Business Desk | Published: 00:00, Nov 13,2019

 
 

Leading mobile operator Grameenphone has become the highest tax payer of the country again, said a press release on Tuesday.

 The National Board of Revenue has recognised GP as the highest tax payer for the year 2014, 2015, 2016, 2017 for the corresponding assessment year 2015-2016, 2016-2017, 2017-2018 and 2018-19 in the telecommunication category, it said.

According to the release, GP has paid Tk 73,085 crore to the national exchequer since its inception in the form of taxes, VAT, duties, fees, 4G licence and spectrum assignment, equating to 54 per cent of its total revenues.

Grameenphone CEO Michael Foley said, ‘This is a testament that Grameenphone pays its dues. We are pleased that Grameenphone is being recognised and honoured as the top tax-payer of Bangladesh by the National Board of Revenue.’

He said, ‘We are proud to have made such a significant contribution towards the government expenditure on economic infrastructure like roads, education, healthcare system and social welfare that will benefit all people of Bangladesh.’

GP will also participate in the inauguration of the Annual Tax Fair starting on November 14, 2019 to portray their solidarity with the practice of lawful tax payment system, the release said.

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