NBR gives VAT award to 144 entities

Staff Correspondent | Published: 00:00, Dec 11,2019


Recipients of the National Board of Revenue’s highest VATpayers’ award at the national level are seen with finance minister AHM Mustafa Kamal at a ceremony held at the Bangabandhu International Conference Centre in Dhaka on Tuesday. A total of 144 entities at different levels were given the award by the NBR for the fiscal 2017-18. — New Age photo

The National Board of Revenue on Tuesday handed over the highest VATpayers’ award to 144 business entities for payment of the value-added tax to the government exchequer after collection from consumers for the fiscal year 2017‑2018.

The NBR awarded the winners at several programmes organised on occasion of National VAT Day across the country and the VAT Week.

Finance minister AHM Mustafa Kamal handed over the crests and certificates to the 34 highest VATpayers, including nine recipients at the national level, at the central programme arranged at Bangabandhu International Conference Centre in Dhaka.

The remaining 135 business entities received the award in three different categories for payment of the highest amount of indirect tax at the district levels.

Square Formulations Ltd, Aristopharma Ltd and Rashidpur Condensate Fractionation Plant received the award for payment of the highest amount of VAT at the national level for the year in the production category.

Hamco Corporation Ltd, SC Johnson Pvt Ltd and Siemens Health Care Ltd were the top VATpaying companies in the trade category.

In the services category, Chittagong Warehouse Ltd, Qatar Airways and Thai Airways International Public Company Ltd got the award for the year.

Field level VAT offices also arranged colourful rallies and seminars in the divisional cities to celebrate National VAT Day.

The revenue board on Tuesday morning brought out a rally in front of the NBR headquarters at Segunbagicha in the capital.

At the opening ceremony of VAT day, NBR chairman Md Mosharraf Hossain Bhuiyan said that they would take stern legal actions against willful VAT dodgers.

He also urged the businesspersons to obtain their online business identification numbers and pay VAT properly.

No one could run businesses without VAT registration in the country, he added.

Later, the NBR chairman handed over the prizes to the winners of an essay competition on VAT at the NBR auditorium.

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email