BATB evades Tk 1,863cr tax

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MNA Business Desk: A National Board of Revenue (NBR) report detected that British American Tobacco (BAT) Bangladesh evaded Taka 1,863 crore of VAT and supplementary duty in eight months.

The Large Taxpayer Unit (LTU) of Value Added Tax (VAT) department under the National Board of Revenue (NBR) detected the dodging of BAT Bangladesh from June 1, 2017 to February, 2018 by declaring lower sales price of low-grade cigarettes, reported news agency.

Officials said the LTU-VAT, upon getting NBR’s go ahead directive, will be able to issue first and final demand notices against the BAT Bangladesh to realize the dodged amount.

According to the document, BAT Bangladesh has been supplying 10 sticks of low-grade cigarettes at Taka 27 each though the revenue authority directed the company to sell those at Taka 35. The company did not comply with the directive from June 1, 2017 to February, 2018 and dodged Taka 1863.80 crore of VAT and Supplementary.