The National Board of Revenue will observe National VAT Day for the first time today to motivate businesspeople to pay the tax duly, officials said.
The divisional VAT (value added tax) offices have taken separate programmes to observe VAT Day. The revenue board has formed a committee to make the day's programmes a success.
The programmes include discussion, rally and honouring the top VAT payers. Currently, the revenue board awards nine top VAT payers under three categories — production, service and business.
VAT officials said the government was planning to widen the scope next year to award more businesses for VAT payment.
In the current fiscal, collection of VAT posted the highest 35 per cent growth among the three wings of the NBR.
The government has fixed a Tk 328.62 billion target for VAT department for 2011-12 fiscal, expecting a 28 per cent growth over the current fiscal.
Source : New Age
