VAT Audit, Intelligence and Investigation Directorate
| Abbreviation | VAIID |
|---|---|
| Formation | 2004 |
| Headquarters | Dhaka, Bangladesh |
Official language | Bengali |
Parent organization | National Board of Revenue |
VAT Audit, Intelligence and Investigation Directorate (Bengali: ভ্যাট অডিট, গোয়েন্দা ও তদন্ত অধিদপ্তর) is a specialized intelligence agency of the government of Bangladesh under the National Board of Revenue responsible for investigating Value Added Tax fraud.[1][2] Customs Intelligence and Investigation Directorate and Central Intelligence Cell are the sister agencies of the directorate.[3][4]
History
[edit]In 2004, the Minister of Finance, M. Safiur Rahman, announced the formation of a separate intelligence agency from Customs Intelligence and Investigation Directorate for Value Added Tax, called VAT Audit, Intelligence and Investigation Directorate, which had in up to that point overseen by Customs Intelligence and Investigation Directorate.[5]
The Directorate asked for information from banks before withdrawing the request following pressure from business groups.[6] In October 2020, the Directorate sued Ujala Paints for evading Value Added Tax and Supplementary Duty.[7] It sued add agency Adcomm for VAT evasion.[8] It sued the local partner of Facebook, Httpool Bangladesh, for violating rules.[9] It sued Mr Baker Cake & Pastry Shop for falsifying records and VAT evasion.[10] In February 2021, the Directorate sued Delta Life Insurance Company Limited for 351.8 million BDT in VAT evasion.[11] Insurance Development & Regulatory Authority appointed an administrator for Delta Life Insurance Company.[12] It began preparations to sue Paperfly, a logistics company.[13] The Directorate sued E-orange in August for VAT evasion.[14] The Directorate sued Grameen Bank for VAT evasion of 670 million BDT.[15] It secured 5.2 million BDT from Alesha Mart after completing an audit of the company.[16] In November 2021, VAT Audit, Intelligence and Investigation Directorate fined Danish Foods Limited, a subsidiary of Partex Group for evading 34.6 million BDT in VAT.[17] The Directorate sued Nahid Enterprise for evading 2.75 billion BDT in VAT and called for further investigations by Customs Intelligence and Investigation Directorate and Central Intelligence Cell.[18] It raided fast food chain American Burger.[19] It collected VAT from two subsidiaries of Popular Group.[20]
In May 2022, the Directorate sued Runner Automobiles Limited for VAT evasion of 50 million BDT.[21]
References
[edit]- ^ "VAT evaders under scanner". The Daily Star. 2021-05-25. Retrieved 2023-10-16.
- ^ "VAT intel raids Araz office". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 2023-10-16.
- ^ "38% of revenue comes from VAT: NBR chairman". The Daily Star. 2021-12-09. Retrieved 2022-10-22.
- ^ Hussain, Imtiaz A. (2022-03-31). Global-Local Tradeoffs, Order-Disorder Consequences: 'State' No More An Island?. Springer Nature. p. 121. ISBN 978-981-16-9419-6.
- ^ Rahman, Avik Sanwar. "No step yet to set up Vat intelligence directorate". The Daily Star. Retrieved 2022-10-22.
- ^ Parvez, Sohel; Byron, Rejaul Karim (2020-07-01). "NBR walks back on order seeking info to sniff out VAT evasion". The Daily Star. Retrieved 2023-10-16.
- ^ "Ujala Paints sued over allegations of VAT dodging". The Daily Star. 2020-10-08. Retrieved 2023-10-16.
- ^ "Adcomm faces VAT evasion charges". The Daily Star. 2020-10-14. Retrieved 2023-10-16.
- ^ "NBR files case as Facebook's local agent breaks VAT rules". The Daily Star. 2020-08-14. Retrieved 2023-10-16.
- ^ "Mr Baker Pastry Shop sued for dodging Tk 35cr in VAT". The Daily Star. 2020-11-09. Retrieved 2023-10-16.
- ^ "Case filed against Delta Life Insurance for evading VAT of Tk 35.17 crore". The Daily Star. 2021-02-11. Retrieved 2023-10-16.
- ^ Habib, Ahsan (2021-02-12). "Administrator appointed to Delta Life Ins". The Daily Star. Retrieved 2023-10-16.
- ^ "NBR to sue Paperfly for VAT evasion". The Daily Star. 2021-02-05. Retrieved 2023-10-16.
- ^ "E-orange sued for evading VAT". The Daily Star. 2021-08-26. Retrieved 2023-10-16.
- ^ "NBR sues Grameen Bank for evading Tk 670m VAT | Daily Sun |". daily sun. Retrieved 2023-10-16.
- ^ "Alesha Mart pays Tk 52 lakh VAT after evasion allegation". The Daily Star. 2021-08-31. Retrieved 2023-10-16.
- ^ "Danish Foods sued for 'evading' VAT of Tk 3.46 crore". The Daily Star. 2021-11-23. Retrieved 2023-10-16.
- ^ "Nahid Enterprise sued for dodging Tk 275cr VAT". The Daily Star. 2021-12-06. Retrieved 2023-10-16.
- ^ "VAT intelligence raids American Burger". The Daily Star. 2021-12-02. Retrieved 2023-10-16.
- ^ "Popular Group units pay VAT after evasion probe". The Daily Star. 2021-08-19. Retrieved 2023-10-16.
- ^ "Runner Auto sued for Tk15.59cr VAT evading". The Business Standard. 2022-05-11. Retrieved 2023-10-16.
