• Thursday, Oct 29, 2020
  • Last Update : 10:46 pm

NBR to freeze luxury hotel bank accounts for tax evasion

  • Published at 12:13 am September 26th, 2017
  • Last updated at 11:44 am September 26th, 2017
NBR to freeze luxury hotel bank accounts for tax evasion
The National Board of Revenue (NBR) will freeze the bank accounts of four luxury hotels if they fail to pay a total of around Tk54 crore in taxes. The hotels - Pan Pacific Sonargaon, Sheraton (currently InterContinental), The Westin and Radisson Blu Water Garden - did not pay taxes from January 2005 to February 2009, thus evading Tk54 crore in total. Pan Pacific Sonargaon evaded Tk20.75 crore, Sheraton Tk18.84 crore, The Westin Tk7.13 crore and Radisson Blu Water Garden Tk6.92 crore. NBR’s Large-Taxpayers Unit for Value-added Tax (LTU-VAT) had earlier issued a demand note to hotels, but they had lodged separate writ petitions with the High Court (HC) against the notices. The HC gave a verdict against the hotels which was later upheld in the Appellate Division. After winning the legal battle, the LTU-VAT served notice to the hoteliers on August 28, asking them to pay the dodged amount immediately, but to no avail. The LTU-VAT will serve the hotel authorities with a second notice today, asking them to make the payment within the next seven days, or have their bank accounts frozen, said NBR officials. LTU VAT Commissioner Md Matiur Rahman told the Dhaka Tribune: “We served a notice to the hotels, but they did not respond. Tomorrow (Tuesday), we are sending them the second letter.” “If they do not pay the amount within seven days of the issuance of the second notice, we will freeze their bank accounts,” he added. The notice added that a hotel has to pay 10% Supplementary Duty (SD) on supply of alcoholic beverages along with accommodation and food, and organising any kind of show as per a statutory regulatory order of (SRO) of the revenue board, which they also did not pay. Terming it a sub judice matter, the authorities of the four hotels denied to make any comment. However, they said they will take legal steps after getting the notice.
50
50
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