DHAKA, Sept 28, 2021 (BSS) - The Value Added Tax (VAT) wing of the
National Board of Revenue (NBR) today signed a Memorandum of Understanding
(MoU) with the Institute of Chartered Accountants of Bangladesh (ICAB) for
using the Document Verification System (DVS) to verify audited financial
reports.

   The MoU was signed at a ceremony held in the Conference Room of Rajswa
Bhaban in the capital today.

   Mahmudul Hasan Khusru, President of ICAB, and Md Masud Sadiq, Member (VAT
Policy) of NBR, signed the MoU on behalf of their respective organizations,
said a press release.

   Chairman of NBR and Senior Secretary of the Internal Resource Division of
the Ministry of Finance Abu Hena Md Rahmatul Muneem, Vice Presidents of ICAB
Md Abdul Kader Joaddar and Maria Howlader, Council members Noor-E-Khoda Abdul
Mobin, Gopal Chandra Ghosh, Sabbir Ahmed, Md Moniruzzaman, Md. Mahamud Hosain
Mohammed Forkan Uddin and Chief Executive Officer (CEO) Shubhashish Bose were
also present on the occasion.

   NBR Chairman Abu Hena Md Rahmatul Muneem said, "DVS will bring a massive
change in revenue administration. It is a useful tool to ensure single audit
report of organisations."

   He also said, "Through ensuring transparency in accounting and revenue
process, we shall be able to increase the revenue collection to the
government's coffer at the same time to reduce the tax burden on tax payers."

   ICAB President Mahmudul Hasan Khusru said, "The country's economy is
reaping out the benefits from DVS. It will bring good governance in the
financial eco-system of the country."

   Md Masud Sadiq, Member (VAT Policy) of NBR said that the highest amount of
national revenue comes from VAT. "DVS will be helpful to increase it
further."

   ICAB council member, Mohammed Forkan Uddin also spoke, among others, at
the event.