Six companies come under LTU

The National Board of Revenue (NBR) has taken a decision to bring six companies under the Large Taxpayers Unit (LTU), reports BSS.

According to the guideline of LTU, businesses which paid on average Taka 10 crore in VAT yearly will come under the LTU.

The companies are Nestle Bangladesh Limited, Aristopharma Limited, Square Pharmaceuticals Limited, Nitol Motors Limited, Olympic Industries Limited and Robin Printing and Packages Limited. Talking to BSS, NBR Member (VAT Policy) Dr Abdul Mannan said before coming under LTU, the companies will have to pay their dues at their present commissionerate.

The six companies have been included in the LTU under the condition of central VAT registration, he added.