Meanwhile, a source within the Ministry of Finance told Weekly Blitz that an efficient intelligence team of the revenue department are investigating the alleged evasion of VAT by the private television channels. It may be mentioned here that, under the existing rules, the private television channels are collecting 15% VAT on the published value of the advertisement from the clients. It was alleged that a leading private television channel, which receives advertisement worth TK. 10-15 million per day has been continuing to evade VAT worth TK. 2-2.1 million each day. Similar allegations are also raised against other private TV channels in the country. [Read More]

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Source: Weekly Blitz :: Writings