ছবি: সংগৃহীত ছবি
The registration of 131,000 new businesses under the VAT system during December has marked a significant milestone in the country’s revenue administration, strengthening efforts to expand the formal economy and boost sustainable revenue collection; the special nationwide campaign, organized around VAT Day and VAT Week, focused on identifying long-unregistered businesses and bringing them into the tax framework through continuous field operations, surveys, awareness drives, and enhanced digital services carried out by all twelve VAT commissionerates, even on holidays; as a result, the total number of VAT-registered entities has risen sharply from 516,000 prior to the interim government’s assumption of office to 775,000 at present, reflecting a transformative shift in broadening the VAT base; with VAT accounting for nearly 38 percent of total revenue collection, expanding registration is expected to significantly increase future revenue inflows; recent legal reforms lowering the annual turnover threshold for mandatory VAT registration to 5 million taka have further enabled small and medium enterprises to be included, while simplified online registration, home-based eVAT return filing, direct digital payment to the treasury, and automated refunds of excess VAT to bank accounts have made compliance easier and more transparent; initiatives to introduce simplified VAT returns for small businesses are also encouraging wider participation, laying the groundwork for a modern, efficient, and technology-driven VAT system that supports long-term economic self-reliance and growth
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