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National VAT Day Observed

Revenue collection vital to bolster economy

Published : Wednesday, 11 December, 2019 at 12:00 AM  Count : 91
Our Correspondent

KHULNA, Dec 10: Speakers at a post-rally discussion here on Tuesday underlined aiming to encourage people to pay the Value Added Tax (VAT) for the country's development.
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 a city hotel here to mark the National VAT Day and VAT Week-2019.
Member of National Board of Revenue (Customs Policy and ICT) Syed Golam Kibria addressed the meeting as chief guest with Md. Mostofa Ali Commissioner of Customs, Excise and VAT Commissionerate in the chair.
Commissioner of Khulna Tax Zone Prashanta Kumar Roy, Additional Deputy Inspector General of Khulna Range Md. Habibur Rahman, Commissioner of Mongla Customs House Suresh Chandra Biswas, among others,  spoke.
"Every one of us should feel about how to develop the nation and how to reduce the dependency on foreign aid," said NBR Member Kibria, adding that 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, he said.
Commissioner of Customs, Excise and VAT Commissionerate Mostofa Ali said,  Khulna zone in local stage collected  Tk 2,414.42 crore in the last 2018-19 fiscal year up by Tk 49.82 crore for the previous year with gained 26 per cent growth rate at the same time.
In importing stage, the zone also collected Tk 1,100.27 crore during the last fiscal year up by Tk 247.95  crore from the previous year, and growth rate is 29 per cent, he added.
Earlier, a colourful rally was brought out  on Khalishpur VAT office premises.

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