Corporate tax payments by most large companies went up significantly in the first four months of the current fiscal, with four private commercial banks and three mobile companies topping the list.
Official sources said the seven companies paid the highest amount of corporate income tax in the July-October period of the fiscal year (FY) 2016-17 among top 50 taxpayers under the Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR).
HSBC, UCB, Standard Chartered and Citi Bank NA are the four banks among the top ten large taxpayers while Grameenphone, Robi Axiata Limited and Banglalink are the three mobile-phone operators.
The others among the top-ten corporate taxpayers are Titas Gas Transmission and Distribution (T&D) Limited, US-based Chevron Oil and Gas company and American Life Insurance Company.
GP paid the highest amount of corporate income tax worth Tk 2.20 billion in the July-October period of FY 2016-17. However, the company paid Tk 661 million in FY 2015-16. Banglalink also paid higher amount worth Tk 264 million against Tk 247 million in the same period in 2015-16.
Robi also paid higher income tax worth Tk 456 million in the July-October period compared to Tk 181 million in the same period 2014-15.
HSBC bank paid Tk 440 million this past July-October against Tk 300 million in the same period in 2014-15.
Standard Chartered Bank paid higher income tax worth Tk 302 against Tk 113 million in the same period in Tk 2015-16. Titas gas has paid Tk 456 million during the period under review against Tk 279 million last year.
Citi Bank NA, UCB, Chevron and Alico paid lower amounts of tax in the period compared to that of the corresponding period last year.
Tax payment by Citi Bank NA came down significantly. The bank paid Tk 20 million during July-Oct period this year against Tk 447 million in the corresponding period of last year.
UCB's tax payment also went down in the July-October period. It paid Tk 76 million against Tk 158 million in the corresponding period.
US oil and gas company Chevron paid Tk 112 million against Tk 195 million.
American life-insurance firm Alico paid Tk 93 million in July-October period against Tk 257 million last year.
The LTU has sent a list of top fifty corporate and individual taxpayers to the NBR.
Top-ten individual taxpayers in that period are Golam Dastogir Gazi, Shahbuddin Ahmed, Nafiz Shikder, Latifur Rahman, Sadruddin Khan, Md Sawkat Ali Chowdhury, Monjurul Islam, Md Anwar Hossain, Zebun Nahar Islam and Md Nazrul Islam Mazumder.
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