• Saturday, Oct 24, 2020
  • Last Update : 11:32 am

Mobile phone operators seek VAT-free internet service

  • Published at 09:26 pm April 18th, 2017
  • Last updated at 11:51 pm April 18th, 2017
Mobile phone operators seek VAT-free internet service
Mobile phone operators in Bangladesh have urged the National Board of Revenue (NBR) to withdraw value-added tax (VAT) on mobile internet services in the national budget for the 2017-18 fiscal year. The Association of Mobile Telecom Operators of Bangladesh (Amtob) made the request during a pre-budget meeting with the revenue authorities at the NBR headquarters in Dhaka on Tuesdayy. They also placed their budget proposals at the meeting, which was chaired by NBR Chairman Md Nojibur Rahman. NBR members Jahangir Hossain (VAT Policy) and Parvez Iqbal (Income Tax Policy) were also present. Currently, it is mandatory for subscribers to pay 15% VAT on their internet usage. “If the VAT is withdrawn, it will significantly boost the number of internet subscribers in the country, subsequently contributing to Bangladesh’s economy,” said Amtob General Secretary TIM Nurul Kabir. As of February 2017, the number of active internet subscribers nationwide stands at 67.2 million, of whom 63.1 million use mobile internet subscribers, according to the Bangladesh Telecommunication Regulatory Commission (BTRC). The Amtob representatives also urged the government to withdraw the Tk100 tax and replacement fees on SIM cards. “The SIM tax should be removed to ensure better affordability,” Kabir said. “Records show that reduction of SIM tax has resulted in market growth”. The mobile operators also demanded the removal of the 1% surcharge on mobile usage and to bring the corporate tax down to 35% from the existing 45%. “We want a comprehensive tax policy review regarding the telecommunication sector,” said Robi Managing Director and CEO Mahtab Uddin Ahmed. “The NBR has to sit with the BTRC to formulate these policies.” Tax reforms will enable the growth of the country’s mobile phone industry which will accelerate the development of Digital Bangladesh, he added. Earlier at another meeting on Tuesday, the Bangladesh Sweets Manufacturers Association demanded that the 15% VAT on their products be reduced to 6% under the new VAT law, which is due to be implemented from July 1. Bangladesh CNG Filling Station and Conversion Workshop Owners Association, meanwhile, sought removal of the 0.6% income tax on their annual turnover.
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail