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9 companies to be honoured for paying the highest VAT

logo (1)The National Board of Revenue (NBR) will honour top nine VAT paying companies with National Award for their significant contribution to the public exchequer.

Commerce minister Tofail Ahmed will hand over crest and certificates to the top VAT paying companies at a programme to be organised on occasion of National VAT Day- 2014 on July 10 (Thursday).

The NBR selected the companies in three categories—production, service and business.

Sales and marketing division of M.M Ispahani Group, the oldest conglomerate of the country  will be honoured with the award under business category.

Other two winning companies under the business category are: BRAC Aarong and Huawei Technologies BD Limited.

Three companies will receive national award under production category. Those are: Rashidpur Condensate Fractionation Plant, Fenchuganj Gas Field Project Limited and Bangladesh Petroleum Exploration and Production Limited.

From service sector, RFL Plastics Limited, TUV SUD Bangladesh Private Limited and National Television Limited will be awarded for highest payment of VAT.

The companies have been selected on the basis of their VAT payment in Fiscal Year (FY) 2012-13 and according to the amended ‘Award policy for highest VAT paying companies, 2005’.

Source: Financial Express

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