NBR moves to strengthen intelligence to stop tax dodging, money laundering

The National Board of Revenue chairman has issued a set of instructions to stop tax dodging and money laundering and strengthen monitoring at the ports, with a huge target of revenue this fiscal year in the backdrop.

Chief Economics Correspondentbdnews24.com
Published : 13 August 2017, 04:10 PM
Updated : 13 August 2017, 04:10 PM

Nojibur Rahman issued the instructions in a meeting with the chiefs of the board's Central Intelligence Cell, Customs Intelligence and Investigation Directorate, and VAT Audit, Intelligence and Investigation Directorate on Sunday, the NBR said in a statement.

CIC Director General Belal Uddin, CIID Director General Moinul Khan and VAT Intelligence Director General Al Amin Pramanik were present.

The chairman asked all to be tough to stop tax dodging, CIID chief Moinul Khan told bdnews24.com after the meeting. “He told us to strengthen intelligence.”

Nojibur Rahman emphasised coordination with other agencies in taking steps to strengthen field-level monitoring and identify money-launderers. He also put stress on stopping smuggling through ports.

The NBR chairman also emphasised ensuring submission of the revenue to government exchequer after collection, and action against dishonest businesspeople.

He said the three intelligence directorates of the board would work in coordination and conduct joint drives if necessary.

The NBR on July 30 submitted a plan to meet the Tk 200 billion deficit after the government dropped the decision to implement uniform VAT from this fiscal year.

The board, however, informed the parliamentary standing committee on the finance ministry that the government will still run a deficit of more than Tk 50 billion after executing the plan.