Economic Reporter :
Speakers at a workshop on Monday said that a proper and transparent VAT collection system is important for development of a country.
The Dhaka Chamber of Commerce and Industry (DCCI) organised the workshop on “Value Added Tax and Supplementary Duty Act – 2012” at its office in the city.
DCCI President Osama Taseer, Senior Vice President Waqar Ahmad Choudhury and Vice President Imran Ahmed were present during the workshop.
Around 200 participants from different business houses took part in this workshop. Md. Tariq Hassan, Second Secretary, NBR, M. Shafiqul Alam, FCA, Convenor, DCCI’s Standing Committee on Custom VAT, Taxation and Snehasish Barua, Tax Consultant, DCCI made their presentations on new VAT Act.
DCCI President Osama Taseer said that the workshop has been organised to create awareness among the business entities about the act.
As the VAT Act 2012 replaced with the older one, there are quite a few new features on it and we need to be familiar with these procedures, the DCCI president said.
He also said that businessmen should not be harassed for VAT collection. He urged the participants to point out the issues to the concern of NBR if any clause or rule is not business friendly.
Md. Tariq Hassan, Second Secretary, NBR said that the present VAT act is more business friendly as well as SME friendly.
M. Shafiqul Alam, FCA, Convenor, DCCI’s Standing Committee on Custom VAT, Taxation said that the VAT deduction at source should be maintained properly through VAT Challan.
Speakers at a workshop on Monday said that a proper and transparent VAT collection system is important for development of a country.
The Dhaka Chamber of Commerce and Industry (DCCI) organised the workshop on “Value Added Tax and Supplementary Duty Act – 2012” at its office in the city.
DCCI President Osama Taseer, Senior Vice President Waqar Ahmad Choudhury and Vice President Imran Ahmed were present during the workshop.
Around 200 participants from different business houses took part in this workshop. Md. Tariq Hassan, Second Secretary, NBR, M. Shafiqul Alam, FCA, Convenor, DCCI’s Standing Committee on Custom VAT, Taxation and Snehasish Barua, Tax Consultant, DCCI made their presentations on new VAT Act.
DCCI President Osama Taseer said that the workshop has been organised to create awareness among the business entities about the act.
As the VAT Act 2012 replaced with the older one, there are quite a few new features on it and we need to be familiar with these procedures, the DCCI president said.
He also said that businessmen should not be harassed for VAT collection. He urged the participants to point out the issues to the concern of NBR if any clause or rule is not business friendly.
Md. Tariq Hassan, Second Secretary, NBR said that the present VAT act is more business friendly as well as SME friendly.
M. Shafiqul Alam, FCA, Convenor, DCCI’s Standing Committee on Custom VAT, Taxation said that the VAT deduction at source should be maintained properly through VAT Challan.
