Govt requested to rationalise ATM import tariff

New Age Online | Published: 14:59, Apr 02,2020 | Updated: 12:07, Apr 03,2020

 
 

The government has been requested to rationalise the import tariff on Automated Teller Machine or ATMs to attain Sustainable Development Goal 2030 indicator 8.10.1.

This goal can be achieved by establishing ATM service points throughout the furthest corners of Bangladesh, said a press release signed by Joshoda Jibon Deb Nath, managing director of Technomedia Limited, on Thursday.

The 8.10.1 indicators are—number of commercial bank branches per 1,00,000 adults, and number of ATMs per 1,00,000 adults.

To attain the SDG benchmark index 8.10.1 the Technomedia Limited requested the government to encourage and facilitate banks, non-bank entities, electronic money transfer service, Bangladesh Post Offices, union digital centres, police stations and other public offices to set up common and secure ATM service points for completing whole range of financial transactions.

It also requested the government to immediately classify ATM as essential capital machinery with 1 per cent customs duty and exempt from all other taxes including 15 per cent VAT at import stage under section 19 and 20 of the Customs Act, 1969, and section 126of the VAT and Supplementary Duty Act, 2012, in public interest, to streamline and strengthen inclusive growth of the economic and financial life line throughout Bangladesh, said the press release.

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