Uniform VAT rate announced by the Finance Minister to determine

Uniform rate of value added tax (VAT) will be introduced to the genre of Finance Minister AMA Muhith said. Abdul Muhith VAT Taxation is very good. Determine the global trend-uniform rate of VAT. It has many benefits. So we have decided to determine the uniform rate of VAT. The company's annual turnover of businesses pabenabyabasa some concessionary 4 lakh come under the VAT recovery. Now this limit will be increased to 36 lakh.
The capital of the new VAT law at the Institute of Diploma Engineers National Board of Revenue (NBR) organized a day-long workshop inaugural speech, he said.
He constantly refers to the importance of increasing the VAT revenue, "said the source of the customs revenue. Now it has been reduced. The VAT is the biggest source of revenue. A total of 38 percent of revenue from VAT. 35 percent of income comes from. "He said, "will begin next month to discuss the budget. Determining the rate of VAT will be discussed with regard to the tax authorities. "
He said that the future of these two different types of tax and service charge revenue is the main pillars. He urged the country to do all for the sake of development.
The minister said, "If the government is not at a wide range of activities. So we came to power in 009 gave 90 billion dollar budget, the amount has been increased gradually. Now, two and a half lakh crore budget. Towards the end of the current term, he hoped to double its size. "
NBR chairman. The interim Rahman of Bangladesh Chambers of Industry and the Federation (FBCCI) Kazi Akramuddin Ahmed and NBR member (VAT) Barrister Jahangir Alam spoke.

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