National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan on Saturday asked his officials not to harass businessmen during the collection of Value Added Tax (VAT).
“You (businessmen) will inform us immediately if you are harassed during VAT collection,” he said at a workshop on ‘Awareness Raising on Value Added Tax and Supplementary Duty Act 2012’ at CIRDAP Auditorium in the city.
Dhaka Chamber of Commerce and Industry (DCCI) organised the day-long event.
Mosharraf said VAT collection needs to be increased for the mobilisation of the country’s domestic resources. “If the budget seize grows, the revenue collection has to be increased too,” he said, asking NBR officers and businessmen to know more about the new VAT law.
The NBR chief said they are training their officers about VAT collection as per the new law and planning to teach the businessmen about the law.
He pointed out that one has to pay big amounts of Tax and VAT in the developed countries and there is no option to avoid them.
“We’ve formulated the new VAT law in 2012. We’re now implementing it after some amendments,” he added.
DCCI President Osama Taseer said they organised the workshop to make the businessmen aware about the new VAT law.
“The workshop will increase awareness among businessmen and help create a culture of paying VAT. This will help the country’s economic development. So, we don’t want any harassment during VAT collection,” he said.