- Finance Adviser Salehuddin Ahmed criticized the failure of VAT to consistently reach the government exchequer despite consumers paying it.
- He highlighted the need for a simpler, manipulation-free VAT system and a change in public mentality towards paying VAT.
- Many consumers in Bangladesh avoid shops that charge VAT, encouraging non-compliance among businesses.
- Ahmed emphasized the importance of accountability, service delivery, and cultural change to improve VAT compliance.
- He cited examples from other countries where strict enforcement and public trust in tax usage lead to higher compliance.
Source: thedailystar.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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