Economic Reporter :
Business leaders on Monday demanded the government to introduce one stage Value Added Tax (VAT) in importing edible oil.They came up with the demand at a seminar on ‘Role of Tariff Commission for Protecting the Interest of Domestic Industry and Creating Awareness Regarding VAT’ in the capital.
Bangladesh Tariff Commission and Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association (BVORVMA) jointly organised the seminar. Chaired by BVORVMA president Mostafa Kamal, the seminar was addressed, among others, by Tariff Commission members Sheikh Abdul Mannan and Shah M Abu Raihan Al Beruni.
Mostafa Kamal, also the chairman of the Meghna Group of Industries, said the business community wants only one stage VAT as they can pay their VAT easily.
Abdul Mannan said the Tariff Commission always recommends a logical VAT rate by taking opinion from the business community. “We want cooperation from the business community. Then, we can resolve any problem easily,” he added.
Business leaders on Monday demanded the government to introduce one stage Value Added Tax (VAT) in importing edible oil.They came up with the demand at a seminar on ‘Role of Tariff Commission for Protecting the Interest of Domestic Industry and Creating Awareness Regarding VAT’ in the capital.
Bangladesh Tariff Commission and Bangladesh Vegetable Oil Refiners’ and Vanaspati Manufacturers’ Association (BVORVMA) jointly organised the seminar. Chaired by BVORVMA president Mostafa Kamal, the seminar was addressed, among others, by Tariff Commission members Sheikh Abdul Mannan and Shah M Abu Raihan Al Beruni.
Mostafa Kamal, also the chairman of the Meghna Group of Industries, said the business community wants only one stage VAT as they can pay their VAT easily.
Abdul Mannan said the Tariff Commission always recommends a logical VAT rate by taking opinion from the business community. “We want cooperation from the business community. Then, we can resolve any problem easily,” he added.
