bKash highest VAT payer in services sector

Leading mobile financial service provider bKash has been honoured by the National Board of Revenue (NBR) as the highest value-added tax (VAT) payer in the services sector at the national level for fiscal year 2020-21.

Kamal Quadir, chief executive officer of bKash, received the letter of honour and crest from Finance Minister AHM Mustafa Kamal at a programme held at a city hotel on Saturday.

Abu Hena Md Rahmatul Muneem, NBR chairman, Md Jashim Uddin, president of apex trade body FBCCI, and Moinuddin Mohammed Rahgir, chief financial officer of bKash, were also present on the occasion.

The NBR observes the National VAT Day on December 10 every year. On this occasion, the NBR honours the highest VAT payers. Like previous years, nine top VAT payers were honoured at the national level in three categories -- production, business, and services.

Organisations that have electronic business identification numbers (eBIN), provide VAT slips to consumers, and pay VAT to the national exchequer are eligible for the honour by the NBR.