& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

VAT likely on event management firms

UNB, Dhaka
The government is likely to impose VAT (value added tax) on event management firms from the next fiscal year.
"We sent a proposal about this to the Finance Ministry as per the desire of the finance minister," an NBR official told the news agency yesterday.
Clarifying the reason of slapping VAT on the event management firms, he said such operators emerged recently and are doing good business. "But they are not giving any VAT like other service sectors. We've to be impartial."
Replying to a query, the NBR official said the VAT on the event management firms will be between 4 and 5 percent.
He said it has become a regular feature for trade bodies and corporate houses to engage event manage-ment firms to conduct big events like trade fairs and annual general meetings.
The government wants to earn more from direct taxation and the VAI’ is a key component along with income tax.
To cast its tax net wide, NBR has recently defined new areas for imposing the VAT, which actually comes from the pocket of consumers. Besides, an NBR team is also scrutinizing and examining from which sectors the VAT exemption can be withdrawn.
The government, through SROs (statutory regulatory orders) at different times, exempted various sectors and sub-sectors from payingVAT.
The NBR official said that liquor and tobacco products would be on the top of the list for increasing VAT.
The government is now on a hectic move to increase its revenue from direct tax sectors due to the down-
trend in revenue receipt from import duties.
The revenue collection from import duties is decreas ing due to liberalisation of rules and regulations by the World Trade Organisation (WTO) and price fall on the international market.
Revenue from imports will suffer more in near future as the WTO is heading towards a duty-free world.
"We already found out some new sectors where we can impose VAT,” said the NBR official.
In the current fiscal year, the target for revenue collection from VAT is Tk 10,751 crore from local level, while Tk 9,360 crore from imports.
The collection of VAT from import level stood at Tk 7347.40 crore with a 13.72 percent growth at the end of first ten months of the outgoing fiscal and from local level Tk 8421.76 crore, a growth of 18.90 percent.