The National Board of Revenue (NBR) has honoured 10 companies for becoming the highest value-added tax (VAT) payers from sales at this year's Dhaka International Trade Fair (DITF).
NBR Member (VAT Policy) Md Masud Sadiq handed over the awards to the representatives of the firms at a ceremony at the Dhaka West Commissionate in the capital today.
Out of 487 companies which took part in this year's edition of DITF that warped on February 6, Walton Hi-Tech Industries Ltd became the highest VAT payer, paying Tk37.65 lakh to the revenue board.
Esquire Electronics Limited and SaRa Lifestyle Limited paying Tk34.77 lakh and Tk32.05 lakh respectively held the second and the third positions in the list of top VAT payers of this year.
The other seven firms that received NBR crests and certificates are Rangs Electronics Ltd (Tk32.05 lakh), Hatil Complex Limited (Tk21.37 lakh), Multiline Industries Ltd (Tk19.50 lakh), Fit Elegance Ltd (Tk18.24 lakh), Navana Furniture Ltd (Tk16.55 lakh) Masers Fair Electronics Limited (Tk16.01 lakh) Banga Bakers Ltd (Tk15.30 lakh).
Speaking on the occasion, chief guest Masud Sadiq put emphasis on digitisation in collecting VAT.
Customs, Excise and VAT Commissionate Dhaka West's Commissioner Dr Moinul Khan presided over the programme.
Dr Moinul Khan said though the amount of revenue collected from DITF is small, it is very significant. The companies counted their VATs using the automated system and then deposited exact figures of money to the NBR.
He also urged other companies to pay the VAT voluntarily as per rule and to take advantages of the digital system.