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Euclidean Technology, Technology creative material, blue and black abstract, texture, cdr png 1500x1500px 198.25KB. Wall, Black Crack, white, hand png 1035x1352px 288.38KB. Computer Icons Logo, Telegram logo, angle, white png 600圆00px 12.95KB. Crown Drawing King, crown, text, logo png 824x1024px 32.84KB. Logo UEFA Champions League Europe Graphic design, design, text, logo png 678x509px 82.53KB. Logo Latte Brand Love Font, Love sticker, love, white png 800x800px 19.94KB. That is why VAT collection from this sector dropped as well in the last fiscal year.Non-commercial use, DMCA Contact Us Relevant png images Md Shahidullah, first vice-president of Bangladesh Cement Manufacturers Association, told TBS that soaring prices of cement have led to a slump in cement sales. On the other hand, the overall collection from nine cement companies stood at Tk386 crore with a 8% year-on-year drop. VAT collection from two edible oil companies – TK Group's Shabnam Vegetable Oil Industries Ltd and Bangladesh Edible Oil Limited – drastically fell by around 90% because they have been exempted from VAT payments in the face of the volatile oil market. He, however, hoped that the revenue collection from the sector will see a positive surge in near future through conducive changes in regulatory environment, rollout of new technologies and initiatives to bring the unconnected people under the connectivity umbrella. Moreover, average revenue per connection of the industry has remained flat for the last three years, having a clear reflection in the government's VAT and tax collection from the industry. One of the key reasons for the situation is the low adoption of smartphones, still under 50%, by low income people. Shahed Alam, chief corporate and regulatory officer at Robi Axiata Ltd said currently, the unique mobile connection penetration stands at 55%, which has remained stagnant for several years. In FY22, the VAT collection from telecom operators stood at less than 1% year-on-year. ANYLOGIC 6 IN THREE DAYS PATCH
However, Dr Ahsan H Mansur, executive director at Policy Research Institute said businesses could not fully make a turnaround from the pandemic-induced losses in FY22 because of an economic slowdown to some extent, which led to a lower growth in VAT collection from large companies.Ĭommenting on the poor collection from the banking sector, he said banks are now going through a bad patch with a slump in profitability. With only a Tk1 rise in lower segments in the current fiscal year, he thinks that the situation will remain the same this year as well.ĭr Muhammad Abdul Mazid, former NBR chairman, told TBS that large companies might be avoiding VAT through different ways that the NBR cannot detect owing to a lack of capacity. So, mobilisation of VAT from the tobacco sector is not yet up to the mark, he said. Sheikh Shabab Ahmed, head of External Affairs of BAT Bangladesh, told The Business Standard that around 75% of the cigarette market is occupied by low-priced segments that saw no hike in prices in the last three years.
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