Monday 14 August 2017

NBR moves to strengthen intelligence to stop tax dodging, money laundering

Nojibur Rahman issued the instructions in a meeting with the chiefs of the board's Central Intelligence Cell, Customs Intelligence and Investigation Directorate, and VAT Audit, Intelligence and Investigation Directorate on Sunday, the NBR said in a statement.

CIC Director General Belal Uddin, CIID Director General Moinul Khan and VAT Intelligence Director General Al Amin Pramanik were present.
The chairman asked all to be tough to stop tax dodging, CIID chief Moinul Khan told bdnews24.com after the meeting. “He told us to strengthen intelligence.”
Nojibur Rahman emphasised coordination with other agencies in taking steps to strengthen field-level monitoring and identify money-launderers. He also put stress on stopping smuggling through ports.
The NBR chairman also emphasised ensuring submission of the revenue to government exchequer after collection, and action against dishonest businesspeople.
He said the three intelligence directorates of the board would work in coordination and conduct joint drives if necessary.
The NBR on July 30 submitted a plan to meet the Tk 200 billion deficit after the government dropped the decision to implement uniform VAT from this fiscal year.

The board, however, informed the parliamentary standing committee on the finance ministry that the government will still run a deficit of more than Tk 50 billion after executing the plan

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