UNB, Dhaka :
Finance Minister AMA Muhith on Wednesday reiterated the government plan to introduce a single rate of value added tax (VAT) from July 2016 replacing the existing multiple rates.
“Though businessmen prefer multiple rates of VAT, but the global practice is a single rate and it has many more advantages. That’s why we plan to introduce a single rate of VAT,” he told a taxpayers motivation meeting at Diploma Engineers Institute auditorium in the city.
Organized by the National Board of Revenue (NBR), the meeting was chaired by NBR chairman Mujibur Rahman.
FBCCI president Kazi Akram Uddin and some officials of NBR also spoke at the meeting.
The Finance Minister, however, said that despite the government’s decision, discussion will continue with the business community to breach the gap with them in this regard.
Finance Minister AMA Muhith on Wednesday reiterated the government plan to introduce a single rate of value added tax (VAT) from July 2016 replacing the existing multiple rates.
“Though businessmen prefer multiple rates of VAT, but the global practice is a single rate and it has many more advantages. That’s why we plan to introduce a single rate of VAT,” he told a taxpayers motivation meeting at Diploma Engineers Institute auditorium in the city.
Organized by the National Board of Revenue (NBR), the meeting was chaired by NBR chairman Mujibur Rahman.
FBCCI president Kazi Akram Uddin and some officials of NBR also spoke at the meeting.
The Finance Minister, however, said that despite the government’s decision, discussion will continue with the business community to breach the gap with them in this regard.
