Speaker Dr Shirin Sharmin Chaudhury, among others, at an annual general meeting of Chittagong Division Journalists Forum, Dhaka at the Jatiya Press Club on Saturday.

Taxmen to get judiciary power to detain VAT defaulters

Economic Reporter :The new VAT and Supplementary Duty Act, 2012 will come into effect from July 1 this year where the flat VAT rate of 15pc will be applicable to all sectors.The provisions that will allow taxmen to arrest and detain VAT defaulters and auction off their assets remain a part of the Value-Added Tax (VAT) and Supplementary Duty Act, 2012.In addition, in case the VAT defaulters cannot be found, the taxmen will have the judiciary power to arrest their...

31 May 2017, 12:00 am