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No VAT, tax on remittance: NBR

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no vatDhaka: The National Board of Revenue (NBR) on Wednesday announced that no VAT has been imposed on remittance in the proposed budget for 2018-19 FY.

In a statement, NBR said it is being spread out that VAT has been imposed on the remittance in the 2018-19 fiscal year.

“It’s completely false and rumour,” it added..

State Minister for Foreign Affairs M Shahriar Alam also urged the Bangladeshis living abroad not to pay heed to any rumour saying no VAT or tax is imposed on remittance.

Shahriar Alam said there is a planned effort to spread confusion among the expatriates over the issue.

“This may be an act of those who send money illegally (without banking channel). With them, anti-government people are there, too,” he said in a Facebook status.

The state minister laid emphasis on disseminating correct information among the expatriates instead of creating any confusion with false news.

Earlier, a video went viral in which it was seen a Bangladeshi, who claimed to be from Malaysia, sharply criticized Finance Minister AMA Muhith for what he says imposing so-called tax and VAT on income of expatriates.