NBR awards nine highest VAT payers

The National Board of Revenue yesterday awarded nine firms for paying the highest amounts in value-added tax in the 2019-20 fiscal year.

Finance Minister AHM Mustafa Kamal handed over the crests to the representatives of the firms at an event at IDEB Bhaban in the capital.

Manufacturers Aristopharma Ltd, Square Toiletries Ltd, and Maya Biri Factory; traders SM Motors, AMCO Bajaj International and MABS Union Motors Ltd; and service providers Edotco Bangladesh Company Ltd, Grey Advertising Bangladesh Ltd, and Robert Bosch Bangladesh Ltd were recognised as the highest VAT paying firms in the country.

Finance Minister Kamal said taxes allow the government to spend for the welfare of people.

NBR Chairman Abu Hena Md Rahmatul Muneem said the revenue collector is working to widen the tax net.

Jashim Uddin, president of Federation of Bangladesh Chambers of Commerce and Industry, said income tax and VAT offices should be set up at upazila level to increase revenue.