No VAT on remittance: NBR

The government has not imposed any VAT on remittance on the proposed budget for 2018-19 fiscal year, according to National Board of Revenue.

NBR in a statement on Wednesday said a section of people is spreading rumour that Value Added Tax (VAT) has been imposed in the proposed budget.  

“It is completely false and rumour,” NBR statement said.

NBR suspects a section of unscruplous people is spreading the rumour to send remittance through the informal channel.

Meanwhile, state minister for foreign affairs M Shahriar Alam on Wednesday requested the Bangladeshi migrants not to pay heed to any rumour saying no VAT or tax is imposed on remittance, reports news agency UNB.

"Don't pay heed to rumour," he said amid rumours that the government has proposed tax on remittance.

Shahriar Alam said there is a planned effort to spread confusion among the expatriates over the issue.

"This may be an act of those who send money through informal channel. With them, anti-government people are there, too," he said in a Facebook status.

The state minister made an urge on disseminating correct information among the expatriates instead of confusiong them with fabricated information.

Earlier, a video went viral in which it was seen a Bangladeshi, who claimed to be from Malaysia, sharply criticised finance minister AMA Muhith for what he says imposing so-called tax and VAT on income of expatriates.

 
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