The National Board of Revenue is going to reward 403 individual and corporate taxpayers tax cards and certificates for paying the highest income tax at national and district levels for the fiscal years of 2012-13 and 2013-14. The revenue board will hand over the tax cards, crests and certificates to the taxpayers at nine different programmes in the city corporations to be organised on Monday on the occasion of the National Income Tax Day-2014.
According to the NBR list, the country’s leading and well-known businessmen and business houses, however, are not on the list of the highest taxpayers as the list is dominated by multinational companies, government entities and comparatively little-known individual taxpayers.
Among the individual taxpayers, six, for each year, come from two reputed group of companies in the country that are ATI Limited, the mother organisation of Drug International Limited and AK Khan & Company Limited, according to the NBR list.
Of 403 taxpayers, 40 individual and corporate taxpayers will be awarded for paying the highest income tax at national level for the FY2012-2013 and FY2013-2014, 10 individual and 10 corporate taxpayers for each year.
The revenue board will award the remaining 363 taxpayers in recognition to their contributions as the highest and long-time taxpayers in the city corporations and districts levels.
The NBR on Thursday issued gazette notifications containing the names of the taxpayers.
According to the list of corporate taxpayers for both the fiscal years, U.S. based Chevron Bangladesh Block-12 topped the list of the highest corporate taxpayers though basically the company does not have to pay any income tax to the government as state-owned Petrobangla pays the tax on behalf of Chevron as a condition of the production sharing agreement with the company, officials said.
But the Chevron will get the award as the tax is deposited in the name of Chevron, they said.
In case of corporate taxpayers, some multinational and local big business houses were left out of the list due to disputes over taxes with the revenue board as according to the National Tax Card Policy, organisations having unsettled disputes over taxes with the revenue board were not eligible for receiving tax cards, officials said.
In corporate taxpayers’ category, other nine corporate taxpayers selected for tax cards for FY 2012-13 are Sylhet Gas Distribution Company Ltd, Sylhet Gas Fields Ltd, Unilever Bangladesh Ltd, Karnaphuli Fertilizer Company Ltd, Barapukuria Coal Mining Company Ltd, American Life Insurance Company Ltd, Tullow Bangladesh Ltd, Standard Bank Ltd and Citibank NA.
Corporate taxpayers selected for FY2013-14 are Chevron Bangladesh Block-12 Ltd, Sylhet Gas Fields Ltd, Karnaphuli Gas Distribution Company Ltd, Unilever Bangladesh Ltd, American Life Insurance Company Ltd, Karnaphuli Fertilizer Company Ltd, Barapukuria Coal Mining Company Ltd, Standard Bank Ltd, Square Pharmaceuticals Ltd and Citibank NA.
According to the list of FY2012-13, Thermax Group chairman Abdul Kadir Molla has been recognized as the highest taxpayer at national level.
Other nine individual taxpayers for the year are Sadaruddin Khan, Salauddin Kasem Khan, AM Ziauddin Khan of AK Khan & Company of Chittagong, Md Kaus Mia of Dhaka, Motazzerul Islam of Rangpur, MA Haider Hussain, MM Amjad Hussain and Golam Dastagir Gazi of Dhaka.
The highest individual taxpayers at national level for FY 2013-14 are Tasmia Ambreen of Chittagong, Md Kaus Mia, Golam Dastagir Gazi, Mohammad Eusuf, Laila Hussain, Husne Ara Hussain, Rubaiyat Farzana Hussain, MA Haider Hussain, Khwaja Tajmahal of Dhaka and Md Moksedul Islam of Rangpur.
Among them, MM Amjad Hussain, Mohammad Eusuf, MA Haider Hussain, Laila Hussain, Husne Ara Hussain, Rubaiyat Farzana Hussain and Khwaja Tajmahal represent ATI Ltd.
-With New Age input
