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8 March, 2018 00:00 00 AM / LAST MODIFIED: 8 March, 2018 01:55:46 AM
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Uttara Club evades Tk 16cr in taxes, detects NBR

Jagaran Chakma

Uttara Club, a prestigious club of the Dhaka elites, allegedly evaded tax to the tune of Tk. 157,548,817 over eight years, an investigation report of the Audit Intelligence & Investigation Directorate of the National Board of Revenue (NBR) has revealed.

The NBR investigation report says Uttara Club did not pay Value Added Tax (VAT), supplementary duty, and VAT deducted at source from FY 2006–07 to FY 2014–15. During this time, the club allegedly evaded around Tk 30 crore including 2 per cent penalty per month.

The unpublished NBR report, a copy of which is with The Independent, says that in a recent move, the Audit Intelligence & Investigation Directorate unearthed the tax evasion by Uttara Club. It found that the club’s tax irregularities stretched from October in FY 2007-08 to September FY 2014-15.

During the investigation, the directorate’s officials examined documents and tax-related information provided by the club. The investigators found that the club did not pay any VAT, supplementary duty, and VAT deducted at source applicable under the Value Added Tax Act, 1991, over the last eight years.

According to the investigation team, the club dodged Tk. 11.98 lakh as VAT, Tk. 14. 45 lakh as supplementary duty, and Tk. 1.91 lakh as VAT deducted at source. Under Section 37 of the Value Added Tax Act, 1991, the club also has to pay an additional Tk. 15.75 lakh as 2 per cent penalty on the evaded amount.

The club authorities claimed that as a non-profitable organization, they were out of the ambit of tax. Moreover, they claimed that the NBR had given them a letter exempting them from all taxes, including VAT.

They said the basis of the NBR’s claim was not clear to them. The NBR has asked the club authorities to present their case before the Audit Intelligence & Investigation Directorate on March 5 regarding the allegation brought against them.

The NBR has even warned the club of further action, like a court case, if they fail to explain their position, the report says. According to club sources, the NBR wanted to impose taxes like customs duty and VAT over liquor import, but it was basically a duty free item for the club.

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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