- NBR aims to expand the VAT base to increase revenue.
- NBR chairman urged officials to focus on expanding the VAT net rather than growth.
- Officials were advised to change their mindset about revenue collection.
- Good performers will be rewarded, but there is concern over poor VAT performance.
- Officials are encouraged to conduct combing drives to find new VAT payers.
- The chairman emphasized not harassing compliant VAT payers.
- A pre-budget meeting discussed conducting combing drives to ensure all businesses pay VAT.
- The government issued ordinances to increase VAT rates, later adjusted after protests.
- NBR plans to impose a single flat VAT rate if businesses agree.
- The VAT system is currently disorganized, and proper implementation could lower rates for some businesses.
- The VAT Law has been amended multiple times since its introduction.
Source: observerbd.com
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.
