DHAKA, Feb 11, 2025 (BSS) - The National Board of Revenue (NBR) has attained 
a healthy growth of 26 percent in providing VAT registrations over the last 
six months.

The current Chairman of the NBR has taken various exceptional initiatives to 
include new VAT payers in the VAT net as well as widening it as per the Value 
Added Tax (VAT) and Supplementary Duty Act.

According to NBR, the number of VAT registrations in August 2024 was 4,228 
which were 5,644 in August 2023 having a negative growth of 25 percent due to 
the impact of July-August, said an NBR press release here today.

Afterwards, the new NBR administration took a number of proactive steps to 
identify the new VAT payers for which the number of VAT registration 
expedited over the next six months from August 2024 to January 2025.

In a bid to boost the VAT registration, the NBR has already reduced the 
ceiling for annual turnover of VAT from Taka three crore to Taka 50 lakh. 
Besides, turnover up to taka 30 lakh has remained VAT free.

The release said that all the commissioners at the field-level have been 
directed to discharge their duties with a service delivery mindset in order 
to provide new registrations and realize legal revenues.

Besides, the officials have also been asked to work in 'out of the box' way 
to increase new VAT payers. Apart from these, 'Special Recognition' will be 
provided to those successful officials who would contribute towards enhancing 
the number of registration through their efficiency, skills and creativity.

The NBR has already taken firm steps to widen the VAT net while it expects 
that the number of new registration would be enhanced further in the coming 
days.

In this regard, the NBR sought cooperation from all stakeholders, 
businessmen, electronic and print media representatives.