NBR honours 144 top VAT payers

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Staff Reporter:

The National Board of Revenue (NBR) on Monday awarded a total of 144 business entities across the country for depositing highest amount of Value Added Tax (VAT) with the national exchequer in fiscal year 2016-17.

Of them, nine top VAT payers receive the national-level awards while the rest 135 were honoured at the district level.

Finance Minister AMA Muhith handed over crests among the recipients at Bangabandhu International Conference Centre marking the National VAT Day.

Of the national-level top VAT payers, Titas Gas Field, Habiganj Gas Field and Srikail Gas Field (Bapex) received the award in the production category while Orion Infrastructure Limited, TUV SUD Bangladesh Private Limited and Somoy Media Limited  in the service category and SC Jonson (Pvt) Limited, Wartsila Bangladesh Limited and KCJ and Associates Limited under the business category.

District-level VAT award recipients include Sayeman Beach Resort Ltd, Swapan Chemical Works, Kiswan Snacks Ltd, Matribhander, Walton Plaza, Modern Plywood and Wood Processing Co, Christian Service Society, Safe N Save, SKS Inn, M/S Bajaj Palace, Asian Paints (Bd) Ltd, Nishan Biscuit and Bread Factory, Alauddin Hotel and Restaurant, Chowdhury Tea Warehouse, AM Channel Ltd, Aztek Pharmaceuticals Ltd, Khan Bajaj Centre, M/S Lily Motors, TVS Corner, Akash Foam Industry, Square Pharmaceuticals Ltd, Ad-Din Printers, Niloy Motors Ltd, Sardar Plastic Industry, Gowsia Hotel and Restaurant, Berger Paints Bangladesh Ltd, Media Axis, Unimart Ltd, Bangladesh Parjatan Corporation, Naogaon Palace, Bashundhara Industrial Complex Ltd, Akij Bidi Factory Ltd, Narsingdi Gas Fields, Kazi and Kazi Tea Estate Ltd, Sikder Chemical Works, Linday Bangladesh, JB Refinery Ltd, M/S North Bengal Trading, Hotel Poshur, Hotel Hillview Abashik, M/S Taj Hotel and Restaurant, Meghna Gas Fields, Mohammadi Electric Wares and Multi Products (MEP) Ltd, Hotel Grand Park, Shahbajpur Gas Field, Nurani Jarda Factory, Hanif Highway Hotel and Motel Complex, Fulkoli Food Products Ltd and Highway Inn Ltd.

Last year, some 149 top VAT-paying business entities were honoured by the NBR.

Speaking on the occasion, Muhith said the new VAT law will be fully implemented by 2020-2021 fiscal year.

He also said they have taken some initiatives to ease the VAT and tax system so that people can pay these easily.unb

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