Dhaka, Jan. 28 -- Paying additional VAT is preferable to engaging in underhanded dealings, Finance Adviser Dr Salehuddin Ahmed stated at a seminar titled Reforms in Customs, Income Tax, and VAT Management to Address LDC Graduation.
The seminar was held at the NEC Conference Room in the city on Monday.
Salehuddin acknowledged that while additional VAT may seem burdensome, it brings long-term benefits.
"By paying VAT, businessmen can avoid the need to pay bribes in various sectors. The aim is to streamline payments solely to VAT. For example, even truck fares on routes like Dhaka-Bogura have decreased. Be patient; we are using the additional VAT for critical development projects such as Matarbari Port," he said.
He assured that the collec...