BigstockBusiness entities that did not deposit VAT amount to the national exchequer were finedAuthorities fined 25 business entities participating in the Dhaka International Trade Fair (DITF) for evading value added tax (VAT). Assistant Commissioner Farhana Begum penalized those business entities financially for the irregularities. The authorities said that the fined amount would be collected in addition to the VAT. Besides, they have collected VAT amount of Tk3.65 crore till Monday at the DITF, and expecting to collect VAT of around Tk6 crore at the end of the DITF. In DITF 2018, a total of Tk5 crore was collected as VAT.

Source: Dhaka Tribune February 07, 2019 16:40 UTC