Business

Nagad top VAT payer in only three years


Published : 07 Dec 2022 08:30 PM

Nagad has come out as a top VAT payer in only three years since it embarked on its journey. The National Board of Revenue (NBR) has already declared Nagad Limited as the third highest VAT-paying company for the fiscal year 2021-2022 in the service category.

In recognition of Nagad’s outstanding contribution to the national exchequer, Finance Minister AHM Mustafa Kamal as the chief guest will hand over the “Highest VAT Payers Award” to the digital financial service provider of Bangladesh Postal Department at a ceremony organised by the NBR in InterContinental Dhaka on Saturday, marking the VAT Week (December 9 to 15). Industries Minister Nurul Majid Mahmud Humayun and MdJashim Uddin, president of Federation of Bangladesh Chambers of Commerce and Industries, will grace the occasion as the special guests, while Abu HenaMdRahmatulMuneem, senior secretary to Internal Resources Division and NBR chairman, will preside over the programme.

Other NBR officials, among others, will also attend the award-giving event.

Tanvir A Mishuk, Founder and Managing Director of Nagad said account opening simplification has not only accelerated financial inclusion but has also played a role in the country’s shift towards the cashless society. 

“The more customers use digital services, the easier their lives will be. And, the benefits of Digital Bangladesh will reach every home. The government’s revenue generation will also get a boost,” he also said.