5 top VAT payers recognised in Ctg

Chattogram Bureau :

Dr SM Humayun Kabir, a member of the National Board of Revenue (NBR), presented memorials and certificates to the heads of the honored organisations as the chief guest in the event.

In the fiscal year 2021-22, the Consolidated Tea and Lands Company ( Bangladesh) Limited led the production sector, Escorp Apparels Ltd excelled in the business sector, while Chattogram’s Sena Hotel Developments Ltd, Cox’s Bazar’s Sayeman Beach Resort Ltd, and Bandarban’s Venus Resort & Coffee House were recognised in the service sector.

VAT Commissioner Syed Musfiqur Rahman presided and Bond Commissioner AKM Mahbubur Rahman played a key role in the discussion during VAT Day.

Director General of Customs Excise and VAT Training Academy Suresh Chandra Biswas, Commissioner of Customs Excise and VAT Appeal commissionerate, Md. Moazzem Hossain , Tax Commissioner Shahadat Hossain Sikder, Commissioner of Chattogram Custom House Mohammad Faizur Rahman, president of Chattogram Chamber Omar Hazzaz, the, Vice President of Metropolitan Chamber AM Mahbubur Rahman, Senior Vice President of Women Chamber Abida Mostafa, attended the ceremony as special guests.

During the Q&A session, representatives from various organisations highlighted concerns, including delayed VAT payment notifications and discrepancies in VAT rates among different establishments.

Participants urged for greater awareness and education on VAT laws for representatives of various companies.

Mahbub Rahman Ruhel, Managing Director of Sayeman Beach Resort Limited, emphasised the need to address unfair business competition in terms of VAT and urged for the inclusion of all businesses in the VAT network.