The New Nation - Internet Edition

NATION BUSINESS REPORT

To ease complexity, Unilever Bangladesh has recently taken the initiative to implement fully computerised system to maintain VAT records amongst its distributors.

In the launch ceremony of project "Agrojatar" (fully computerised VAT recording system for distributors), those present were Rakesh Mohan, Chairman & MD of Unilever Bangladesh, Muhammad Abdul Mazid, Chairman, NBR as Chief guest, Members of NBR, Commissioners & other senior officials & distributors.

Manager, Indirect Taxes, Sayeed Ahmed Khan presented the salient features of the software. Equipped with adequate in-built security, this user friendly software can maintain all requisite purchase & sales related information easily. Through use of this software, smooth business operation, accurate records & transparency at all levels can be maintained. As a result, not only distributors will be benefited, it will also ensure Government revenue. The ultimate purpose of VAT system is to ensure the benefit for the tax payers, businessmen & the Government at large.

Till today only the distributors of Unilever Bangladesh have been paying VAT under actual value addition system. To encourage others, it is necessary to introduce easy & tax payer friendly VAT payment system under this method. In this regard, the distributors have made a request to the Chairman, NBR to remove the bottlenecks of this system at traders' level.

NBR Chairman in his speech has appreciated for implementing such a unique software which is transparent and user friendly. In response to distributors request he has mentioned that he will take necessary steps to make the VAT payment system more trader friendly.

In the launch ceremony, amongst those present were also Member (VAT), Abdul Mannan Patwari, Unilever's Finance Director Mahtabudddin Ahmed, Customer Development Director Mizanur Rashid, Supply Chain Director Imran Momin & Unilever's distributors.