Dhaka, Bangladesh
VAT collection vital for strengthening country’s economy

VAT collection vital for strengthening country’s economy

RAJSHAHI, Dec 23: Speakers at a post-rally seminar recently underlined the need for more collection of Value Added Tax (VAT) to make the country’s economic condition bolstered, reports BSS. They said there is no alternative to boost the revenue collection from the internal resources to lessen the pressure on foreign aid. Customs, Excise and VAT Commissionerate organised the discussion at Rajshahi Medical College Auditorium here to mark the National VAT Day and VAT Week-2017. On the occasion, 23 highest VAT-payers and nine chambers from different districts of the division were given awards. Fazley Hossain Badsha, MP, addressed the seminar as chief guest with Muazzem Hossain, Commissioner of Customs, Excise and VAT Commissionerate, in the chair. Commissioner of Rajshahi division Nur-Ur-Rahman and President, Additional Deputy Inspector General of Police Nisharul Arif, Income Tax Commissioner Dr Khandaker Ferdous Alam, Commissioner of Rajshahi Metropolitan Police Mahbubor Rahman, Superintendent of Police Muazzem Hossain Bhuiyan and President of Rajshahi Chamber of Commerce and Industry Md Muniruzzaman also spoke. “Every one of us should feel about how to develop the nation and how to reduce the dependency on foreign aid,” said lawmaker Badsha. Enhanced revenue collection from both internal and external sources could be the effective means of reducing dependence on foreign aid for executing the uplift projects. Importance should be given on creating mass awareness about more revenue collection in the interest of making the country economically self-reliant. Chamber President Muniruzzaman underscored the need for making more traders and businessmen habituated towards VAT payment as the present government is intended to execute the development programmes with the internal resources. He attributed that the number of VAT payers are being increased gradually with addition of new more courageous payers, which is a good sign for the nation. Earlier in the morning, a colourful rally was brought out with participation of around 500 people in the city to mark the day.

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