Monday, September 24, 2018 | ePaper

NBR urges mobile telecom operators to pay arrears

  • Print
Economic Reporter :
National Board of Revenue (NBR) Chairman Md Mosharrraf Hossain Bhuiyan on Monday urged mobile phone operators to clear revenue arrears.
"Clear the revenue arrears. You have some proposals including withdrawal of VAT on Internet. Let's sit with us separately ... rational proposal will be considered positively," said the NBR chairman during a pre-budget discussion with members of the Association of Mobile Telecom Operators of Bangladesh (AMTOB) here.
According to the NBR, the NBR will get Taka 1000 crore arrears from the mobile telephone operators.
For settlement of cases relating to revenue arrears, the NBR chairman suggested them to go for Alternative Dispute Resolution (ADR) for quick settlement of cases.
"We're suggesting everybody to go for ADR for settlement of cases. As we're deprived of revenue, you're also facing problem in running business due to the pending cases," he said.
AMTOB members demanded withdrawal of Value Added Tax (VAT) on internet completely in the next budget, saying that if VAT is withdrawn, it will have an important impact on the socioeconomic development of the country.
AMTOB also proposed to cut corporate tax and withdraw double tax system.
Earlier, the NBR also held pre-budget meeting separately with Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA) and Bangladesh Beverage Manufacturers Association.
BCMEA leaders demanded withdrawal of 15 percent VAT at production level to protect the local ceramics producers. They also demanded reduction of duty on raw materials for ceramic industry.

More News For this Category

Mahbub-Ur Rahman Shajib, Director (Operations) of Butterfly Marketing Limited (BML) and Esha Chowdhury, Executive Director of TraumaLink, exchanging an agreement signing document at BML head office in the city on Monday. Senior officials from both the company were also present.

Mahbub-Ur Rahman Shajib, Director (Operations) of Butterfly Marketing Limited (BML) and Esha Chowdhury, Executive Director of TraumaLink, exchanging an agreement signing document at BML head office in the city on Monday. Senior officials from both the company were also present.

.

"Biman Tourism Fest" begins Sept 27

Business Desk :A three-day colourful festival and musical show will start at Rabindra Sarobor in Dhanmondi, one of the capital's popular cultural hubs, on September 27 to celebrate the

Zainul Haque Sikder, Chairman of Sikder Group and National Bank Limited along with Sanjida Yeasmin, UNO of Naria Upazila of Shariatpur district distributing relief items among the river erosion affected people at the Upazila recently. Parveen Haque Sikder, EC Chairperson, senior officials of the Bank and local elites were also present.

Zainul Haque Sikder, Chairman of Sikder Group and National Bank Limited along with Sanjida Yeasmin, UNO of Naria Upazila of Shariatpur district distributing relief items among the river erosion affected people at the Upazila recently. Parveen Haque Sikder, EC Chairperson, senior officials of the Bank and local elites were also present.

.

DCCI inaugurates "President's Executive Floor"

Business Desk :Commerce Minister Tofail Ahmed, MP said that the government will take necessary initiative to sign free trade agreement (FTA) with Vietnam and other potential countries. He also

Single-digit interest rate to enhance private sector growth: Experts

Business Desk :The country's scheduled banks are gradually offering lower interest rate for all products to their clients that helps increase private sector investment as well as take the

Price fall in large-caps drives stocks further down

BSS, Dhaka :Stock markets closed on Monday of the week with downward trend due to price fall in large-cap securities.The falling major sectors were IT sector, engineering and insurance.

US keen to invest in telecom sector

Business Desk :The United States (US) expressed its interest to make investment in telecommunication sector of the country.The US expressed its interest as its envoy Marcia Bernicat on Monday

CMC South Asia center to be set up in Dhaka

CMC South Asia center to be set up in Dhaka

Business Desk :The China National Machinery Import and Export Corporation (CMC) is going to set up its South Asia regional center in Dhaka next month to 'partner with Bangladesh'

 Md. Mahbub ul Alam, Managing Director of Islami Bank Bangladesh Limited, receiving the Best Remittance Collecting Bank Award for the year-2017 from Finance Minister Abul Maal Abdul Muhith, at Bangladesh Bank (BB) Training Academy in the city recently. Fazle Kabir, BB Governor, Kamrun Nahar Ahmed, Additional Secretary of Department of Financial Institutions of Finance Ministry and Dr. Ahmed Munirus Saleheen, Additional Secretary of Ministry of Expatriates' Welfare and Overseas Employment were also present.

Md. Mahbub ul Alam, Managing Director of Islami Bank Bangladesh Limited, receiving the Best Remittance Collecting Bank Award for the year-2017 from Finance Minister Abul Maal Abdul Muhith, at Bangladesh Bank (BB) Training Academy in the city recently. Fazle Kabir, BB Governor, Kamrun Nahar Ahmed, Additional Secretary of Department of Financial Institutions of Finance Ministry and Dr. Ahmed Munirus Saleheen, Additional Secretary of Ministry of Expatriates' Welfare and Overseas Employment were also present.

.

Mohammad Borhanuddin, Managing Director (CC) of Bank Asia Limited, poses for a photo session with the participants of a day-long training on 'Islamic Banking & Finance' organized by the Institute for Training & Development of the Bank at its head office in the city recently. Maulana Shah Mohammad Waliullah, Member Secretary of Shariah Supervisory Committee, Md. A Latif, EVP and AKM Mizanur Rahman, SVP of Islamic Banking Division of the Bank were also present.

Mohammad Borhanuddin, Managing Director (CC) of Bank Asia Limited, poses for a photo session with the participants of a day-long training on 'Islamic Banking & Finance' organized by the Institute for Training & Development of the Bank at its head office in the city recently. Maulana Shah Mohammad Waliullah, Member Secretary of Shariah Supervisory Committee, Md. A Latif, EVP and AKM Mizanur Rahman, SVP of Islamic Banking Division of the Bank were also present.

.