DHAKA, March 6, 2022 (BSS) - National Board of Revenue (NBR) Chairman 
Abu Hena Md Rahmatul Muneem today said that widening the tax net is a must 
for easing the tax burden.

     He also said that ensuring compliance of the corporations is essential 
for better operations of businesses and VAT collection. 

     The NBR Chairman said this while addressing the concluding ceremony of 
the two-day workshop styled "VAT Compliances: Role of CMAs" as the chief 
guest hosted by the Institute of Cost and Management Accountants of 
Bangladesh (ICMAB) yesterday evening at the ICMAB Ruhul Quddus Auditorium in 
the capital, said an ICMAB press release today.

     Muneem also said that the government has taken initiative to bring the 
entire VAT system under automation to prevent VAT evasion and ensure greater 
transparency and accountability.

     FBCCI president Md Jashim Uddin spoke as the special guest. ICMAB 
president Md Mamunur Rashid, seminar and conference committee chairman AKM 
Delwer Hussain, among others, spoke on the occasion. ICMAB council member and 
past president Abu Sayed Md Shaykhul Islam presented a theme paper of the 
event.

     Speakers at the workshop said an effective VAT audit system based on 
integrated audited accounts may be introduced where CMAs can play a vital 
role as a catalyst to the taxmen. A comprehensive reform of the value-added 
tax (VAT) regime and automation can facilitate it for both taxpayers and 
businesses.

     The FBCCI President suggested that the government should pay much more 
attention to businesses so that they can cooperate with the taxmen.

     ICMAB President said that CMA professionals can create a great impact by 
putting their expertise for ensuring clarity in various economic aspects. He 
requested the concerned authorities to create more scope for the CMA 
professionals in relevant fields so that they can give their effort for the 
development of this country.

     Mamunur emphasized on to add Cost of Goods Sold statement with company 
return after getting certification from Cost and Management Accountants. "As 
a result, the revenue of the NBR will be increased,"

     He also mentioned that Bangladesh is now an emerging country to invest 
in South Asia. "In that case, the VAT law and regulations should be business 
friendly."

     Three technical papers were presented at the workshop. ICMAB treasurer 
Md Ali Haider Chowdhury and Mallik Intaqab Ahsan presented a paper on "VAT 
and VAT Accounting" in the first technical session. 

     Faruque Sikder presented a paper on "VAT and Accounts Automation" while 
customs additional commissioner Kazi Muhammad Ziauddin on "VAT Reforms" in 
the second and third technical sessions respectively. 

    Dr. Md. Hamid Ullah Bhuiyan, Chairman, Financial Reporting Council (FRC); 
Syed Musfequr Rahman, Commissioner, Customs, Excise and VAT, NBR; Dr. Md. 
Abdur Rouf, DG, Customs Intelligence and Investigation, NBR Chaired different 
sessions. 

     Md. Mashiur Rahaman, Joint Commissioner, NBR; Fahmid Wasik Ali; Md. 
Shafiqul Alam attended different technical sessions as commentators.