Over Tk1.50 trillion in value-added tax (VAT) remains out of net every year for weaknesses and loopholes in the collection system, still far off automation. No wonder, feel economists, efforts of the government to increase revenue receipts go in vain each year.
Source: thefinancialexpress.com.bd
Latest Posts in "Bangladesh"
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
- Bangladesh Loses Tk 1.88 Trillion to VAT Evasion and Exemptions in FY23, Study Reveals
- Bangladesh Faces VAT Shortfall, Corruption, and Declining Tax-to-GDP Ratio, Urgent Reforms Needed
- NBR and BTRC Dispute Over VAT Audit of Telecom Operators Continues Unresolved
