VAT Evasion

80% of jewellers remain outside VAT net

Only 8,000 gold ornament shops out of a total of 40,000 stores are under the VAT net currently

Two S Alam firms evaded Tk 3,500 crore in VAT, says NBR

With penalty, they owe government over Tk 7,000cr; S Alam Group director says they didn’t ‘evade even a single taka in VAT’

February 5, 2025
February 5, 2025

80% of jewellers remain outside VAT net

Only 8,000 gold ornament shops out of a total of 40,000 stores are under the VAT net currently

June 30, 2024
June 30, 2024

Two S Alam firms evaded Tk 3,500 crore in VAT, says NBR

With penalty, they owe government over Tk 7,000cr; S Alam Group director says they didn’t ‘evade even a single taka in VAT’