NBR to introduce VAT Honor Card

Economic Correspondent: After getting huge response for its income tax card, the revenue authorities are going to introduce VAT Honor Card to encourage people to pay Value Added Tax (VAT).

“We’ll give VAT payers this card during the VAT Week from December 10 to 17 across the country,” said National Board of Revenue (NBR) chairman Md Nojibur Rahman during a NBR-ERF partnership dialogue in the city on Sunday. 

NBR held the dialogue with members of Economic Reporters’ Forum (ERF) at the office of its VAT Online Project at Kakrail.

The NBR chief said income tax card created huge enthusiasm among taxpayers during the ‘Income Tax Fair’ held from November 1 to 7.

The NBR has decided to honor regular VAT payers, like the regular taxpayers, from this year, he added. 

“Businesspeople or establishments having record of paying VAT for 12 months in a row will get this card which will remain valid for one year,” he said.

Nojibur Rahman said the finance minister has assured the income tax card holders of giving services and facilities.

 “I am hopeful that the card holders will get all facilities,” he added.

He said the NBR will give letters with the sample of the income tax card to police, army and all government training institutions so that the officials concerned show due respect to the card holders. 

About the online VAT project, Nojibur Rahman said people will be given training under the project in filling and submission of tax returns from the coming VAT Week.

He also informed the ERF members that a media centre will be set up at the VAT project office to cooperate with media people.

NBR member (VAT) Barrister Jahangir Hossain said there are same facilities in the VAT law which a taxpayer is enjoying. 

If necessary, NBR will take opinions from stakeholders on the law, he added.

ERF president Saif Islam Dilal, NBR member Rezaul Hasan and Sultan Iqbal, former secretary of ERF Zakaria Kazal, present secretary of ERF Ziaur Rahman and finance secretary SM Rashidul Islam were present.

risingbd/Dhaka/November 19, 2017/MA Rahman/A K Azad