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National VAT week starts Sunday

National VAT week starts Sunday

The National Board of Revenue (NBR) will observe the 'National VAT Day 2017' ob Sunday (Dec 10) to encourage people in paying Value Added Tax (VAT) for further development of the country. It will also observe the 'National VAT Week 2017' from Dec 10 to 15. The slogan of this year's 'VAT Day' and 'VAT Week' is 'VAT Dichhe Janogan, Desher Hochhe Unnayan'.

In separate messages, President Md. Abdul Hamid and Prime Minister Sheikh Hasina greeted the taxpayers, VAT administration and its officials and employees on the occasion of the National VAT Day 2017 and the National VAT Week 2017, local media reports said.

In observance of the programme, the NBR will give 'VAT Honor Card' for the first time to establishments having record of submitting VAT returns for 12 months in a row. The number of establishments submitting VAT return has been increased to 60,000 from 32,000, said NBR, adding that of them 35,000 establishments have submitted return regularly.

These 35,000 establishments will get VAT Honor Card, the NBR said.

Like previous year, the NBR will honour the highest VAT-paying individuals and establishments. It will also honour media organizations and journalists for creating mass awareness about VAT.