Pay VAT spontaneously to strengthen economy

Speakers urge businessmen at view-exchange meet

Businesspersons should pay Value Added Tax (VAT) spontaneously to strengthen the national economy for attaining financial self-reliance to further accelerate development on the way to build a developed Bangladesh, reports BSS.

The opinion came on Monday at a views-exchange meeting on ‘Resolving problems being faced by businesspersons in online VAT payment’ organised by Rangpur Chamber of Commerce and Industry (RCCI) at its auditorium in the city.

Rangpur Divisional Commissioner of Customs, Excise and VAT Commissionerate Shawkat Ali Sadi attended the event as the chief guest with RCCI President Mostafa Sohrab Chowdhury Titu in the chair.

Additional Commissioner of Divisional Customs, Excise and VAT Commissionerate Arun Kumar Biswas and its Assistance Commissioner Md. Sajjad Hossain addressed the meeting as special guests.

Executives of RCCI, its Directors, leaders of different trade organisations from across the district participated in the event arranged abiding by the health directives in the wake of the COVID-19 pandemic.

Director of RCCI Reaz Shahid Shovan, Proprietor of ‘Maya Exclusive Fashion’ Biplob Prashad, Director of Rangpur Metropolitan Chamber of Commerce and Industry Ali Ahmed Chand, importer-exporter Alhaj Mogreb Ali, among others, addressed.

They raised some problems being faced by them in paying VAT using online facilities and other issues in the meeting.

Officials of the Customs, Excise and VAT Commissionerate narrated the importance of using online facilities being provided by the National Board of Revenue (NBR) in paying VAT in a hassle-free manner to enhance revenue earning.

They put special importance on creating awareness among all concerned to enhance revenue earning in the form of VAT for further strengthening the national economy.

They chief guest called upon industrialists and businesspersons for spontaneous payments of VAT to implement development of the country’s own resources without depending on foreign assistance.

He committed to resolve the issues and problems raised in the meeting at the earliest possible time and praised businesspersons and traders of Rangpur for paying VAT using online facilities. “Many least developed countries have become developed nations as their citizens pay VAT and taxes properly,” he said, adding that the government has launched the new VAT law to make the VAT payment process easier and hassle- free.