Top 10 taxpayers to get CIP cards
Tuesday, 9 November 2010
The government Monday decided to provide tax cards to the 10 highest tax paying individuals and companies at the national level, reports BSS.
A policy was approved in this connection in a regular cabinet meeting held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair.
According to the decision, 10 individuals and organisations who are paying tax regularly in the last five years would be eligible to get the tax cards, Prime Minister's Press Secretary Abul Kalam Azad told newsmen after the meeting.
The card holders will get CIP (Commercially Important Person) status and enjoy different facilities of the government. But, those who did not pay VAT, are loan defaulters and persons convicted by courts would not be eligible to get the tax cards.
The Press Secretary said the country's revenue income has surpassed its target during the last two years following government's massive campaign to encourage the people to pay their taxes.
Besides, the cabinet also gave approval to production of laptop, telephone and notebook through joint venture initiatives by Telephone Shilpa Sangstha (TSS), 2M Corporation and TFT of Malaysia. The capital of the joint company would be Tk 1.48 billion.
Among the total capital, the Telephone Shilpa Sangstha will have 30 per cent share. The highest price of 12-inch laptop to be produced by the company will be Tk 15,000.
Azad said the cabinet meeting was told that the Telephone Shilpa Sangstha earned net profit of Tk 140 million last year due to various pragmatic steps taken by the government.
The sangstha was incurring huge losses during the last 10 years.
The cabinet expressed the hope that huge employment would be generated in the country after the joint initiatives of Telephone Shilpa Sangstha, 2M Corporation and TFT.
Apart from this, the cabinet was apprised of the reports on Bangladesh's participation in the Commonwealth Finance Ministerial Conference and in the annual meeting of World Bank- IMF.
Ministers, advisers to the Prime Minister and state ministers concerned attended the meeting. Cabinet secretary and secretaries concerned and press secretary were present.
A policy was approved in this connection in a regular cabinet meeting held at Bangladesh Secretariat with Prime Minister Sheikh Hasina in the chair.
According to the decision, 10 individuals and organisations who are paying tax regularly in the last five years would be eligible to get the tax cards, Prime Minister's Press Secretary Abul Kalam Azad told newsmen after the meeting.
The card holders will get CIP (Commercially Important Person) status and enjoy different facilities of the government. But, those who did not pay VAT, are loan defaulters and persons convicted by courts would not be eligible to get the tax cards.
The Press Secretary said the country's revenue income has surpassed its target during the last two years following government's massive campaign to encourage the people to pay their taxes.
Besides, the cabinet also gave approval to production of laptop, telephone and notebook through joint venture initiatives by Telephone Shilpa Sangstha (TSS), 2M Corporation and TFT of Malaysia. The capital of the joint company would be Tk 1.48 billion.
Among the total capital, the Telephone Shilpa Sangstha will have 30 per cent share. The highest price of 12-inch laptop to be produced by the company will be Tk 15,000.
Azad said the cabinet meeting was told that the Telephone Shilpa Sangstha earned net profit of Tk 140 million last year due to various pragmatic steps taken by the government.
The sangstha was incurring huge losses during the last 10 years.
The cabinet expressed the hope that huge employment would be generated in the country after the joint initiatives of Telephone Shilpa Sangstha, 2M Corporation and TFT.
Apart from this, the cabinet was apprised of the reports on Bangladesh's participation in the Commonwealth Finance Ministerial Conference and in the annual meeting of World Bank- IMF.
Ministers, advisers to the Prime Minister and state ministers concerned attended the meeting. Cabinet secretary and secretaries concerned and press secretary were present.