National Board of Revenue (NBR) chairman Abdur Rahman Khan said the next budget will not be ambitious. He said that the tax rate in the next budget will be logical. Traders will not be pressed; The rate of VAT will be reduced if needed.
He said this at a 'challenge and prospects of digital transactions: VAT growth' on Wednesday (January 26th). The discussion was held at the Prothom-alo building in Kawran Bazar.
Abdur Rahman Khan said, “The taxpayers lay our eggs.” If you take out all the eggs at a time, the chicken will die. He told the tax officials, 'Those who pay regular taxes in accordance with the laws, give them pain for taxes, but do not kill (kill). He mentioned that the business is dying, but the businessman is not dying. One who has a Mercedes Benz car will need five Mercedes cars.
The traders present on the occasion have highlighted the impact on various sectors due to the recent increase in VAT. They highlighted the impact of raising tariffs on various sectors including clothing, juice, biscuits, tickets in the air. Again, they also highlighted the cut at the source of the tourism or travel ticket at the source of the source. The NBR chairman agreed with the businessmen of the businessmen.
The NBR chairman gave some ideas about the next budget initiative for the traders of different sectors. He said that the traders do not suffer, so income tax and VAT rates will be rational in different fields. The tariff rate will also be logical at the import level. The tariff-tax rate will change bigger. Where there is a chance of collecting tariffs, tax nets will be raised.
The NBR chairman gave the example, “I would like to repeatedly ask for the brothers of Syed Nasim Manzoor (Apex Footwear). Again another businessman will not pay taxes, it won't. The NBR chairman also said that a taxpayer has resorted the bank's money. I have shown the fish worth Tk 5 crore in the three ponds of this resort to evaluate the tax- I have also seen such tax documents.
He added, 'We have made the budget size much bigger. The budget is not being based on how much the NBR can collect. There are also questions about budget costs. Due to the pressure of collecting extra revenue on the NBR, regular taxpayers are under pressure. The meeting will be held with the chief adviser on February 7 with the budget for the fiscal year 2021-27. There will be talk about it. '
Referring to his experience with VAT invoice, the NBR chairman said, 'A few days ago I bought sweets from a large sweet shop. I was not given the VAT shipment while paying the bill. When asked about this, the shopkeeper said the VAT machine does not work, sometimes disturbing. He also said that if you go to the market, it does not seem to be something called VAT in the country; Those who are regular VAT companies in it are under pressure.
The NBR chairman complained against the traders, they also do a lot inside when they get the chance.
The NBR chairman said there was confidence between the businessmen and the tax officers. He said, “If tax officers impose more taxes than the businessmen, will the traders sell their ancestors and pay taxes?”
The NBR chairman said that the company taxpayers are being returned online from next year. In addition, 5 good organizations are being given the Authorized Economic Operator (AO) certificate, who will release the goods directly from the ship and take them to the warehouse.
