ICMAB ‍organises workshop on VAT compliances

A two-day workshop titled ‘VAT Compliances: Role of CMAs’ hosted by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) was held at ICMAB Ruhul Quddus Auditorium on Saturday.

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem attended the event as the chief guest while FBCCI President Md Jashim Uddin was present as the special guest.

ICMAB President Md Mamunur Rashid, and Seminar and Conference Committee Chairman AKM Delwer Hussain, among others, spoke.

ICMAB Council Member and former President Abu Sayed Md Shaykhul Islam presented a theme paper of the event.

In his speech, Abu Hena Md Rahmatul Muneem said that ensuring compliance of the corporations is essential for better operations of businesses and VAT collection. Widening tax net is also a must for easing tax burden.

The government has taken initiative to bring the entire VAT system under automation to prevent VAT evasion and ensure greater transparency and accountability, he added. Md Jashim Uddin suggested that the government should pay attention to businesses so that they can cooperate with the taxman.