VAT Commissionarate (South) collects record Tk 5573cr revenue in FY18

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DHAKA, July 30, 2018 (BSS)- Customs, Excise and VAT Commissionerate, Dhaka (South) collected a record Tk 5573 crore revenue in fiscal year 2017-18 (FY18), up 19 percent from the amount collected in fiscal year 2016-17 (FY17). In FY17 the commissionerate collected Tk 4,716 crore.

“Regular monitoring and auditing has helped boost the revenue collection. We’ve also been able to realize arrears from some organizations and some new areas have also been brought under this commissionerate,” said commissioner Kazi Mostafizur Rahman.

Talking to BSS, he said many eligible small establishments are still out of tax net. Steps have already been taken to bring these establishments under tax net, he added.

“We’ve already brought 2000 such establishments under tax net,” he said.

 

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