The National Board of Revenue (NBR) has recognized bKash as the largest Value Added Tax (VAT) payer in the service sector nationally for the fiscal year 2021–2022 for the second consecutive year.
During an event held at the NBR building yesterday, Kamal Quadir, the CEO of bKash, was presented with a letter of honor and crest by Abu Hena Md. Rahmatul Muneem, Chairman of the National Board of Revenue; Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce; Dr. Md. Sahidul Islam, Member (VAT Audit & Intelligence) of NBR; and Mahbubul Alam, President of FBCCI.
Moinuddin Mohammed Rahgir, Chief Financial Officer of bKash, was also present during the programme along with other high officials of bKash.
Regarding this achievement, Kamal Quadir, Chief Executive Officer of bKash, said, “Under the regulation of Bangladesh Bank, bKash has served Bangladeshis for over a decade by offering a broad range of digital financial and payment services that are compliant, transparent, secure and hassle-free. bKash ensures that applicable VAT and TAX are deducted at source for every transaction made on its platform and goes directly to the government treasury.”
He also said, “We are humbled to have been recognised as the country’s top VAT collector in the services sector for the second consecutive year. As the largest Mobile Financial Service provider in the country, we will continue to operate regulated financial services for the betterment of Bangladesh.”
December 10 is National VAT Day, which is observed annually by NBR. NBR celebrates the highest VAT payers on this particular date.
Nine top VAT payers in each of the three categories (production, business, and service) were recognized nationally, as in previous years.
It should be mentioned that companies are qualified for the honor from NBR if they have an Electronic Business Identification Number (eBIN), give VAT slips to customers, and pay VAT to the national exchequer.
