LTU-VAT awards Grameenphone

Grameenphone has been awarded for resolving the highest number of cases through Alternative Dispute Resolution (ADR) in FY 2020-2021.

Jens Becker, CFO of Grameenphone, received the award on behalf of the company at an award-giving ceremony organised by Large Taxpayers Unit – Value Added Tax (LTU-VAT) as part of the VAT Week (December 10 to 15) celebration.

According to a media statement, ADR is a process of resolving disputes within shortest possible time, beyond the traditional courses of business followed by Appeal, Tribunal, and Court formalities, leading to efficiency. Following a global trend of success, tax administration in Bangladesh has introduced ADR in FY 2011-12.

This year NBR is celebrating the VAT Day and VAT Week to encourage people and organisations with the theme – “Pay VAT online, take part in nation building”.

Wahida Rahman Chowdhury, Commissioner of LTU-VAT, chaired the event and handed over the award to Grameenphone.

Jens Becker said, “We are honored and humbled to be awarded for resolving the highest number of cases through Alternative Dispute Resolution (ADR) in this fiscal year, and we will continue to resolve the remaining issues together as one team.”

“However, it would not have been possible without the support from the government in embracing technology, increasing efficiency through automation and encouraging a culture of transparency. We would like to thank LTU-VAT for inspiring us with such recognitions.