Facilitator:

Md. Lutfor Rahman
Commissioner (Customs & VAT)
Government of The peoples Republic of Bangladesh

Overview of this Training:

VAT is a new dimension in the tax area of Bangladesh. Though it has been implemented since 1991-still our academic books are not sufficient enough to address these accounting aspects systematically. Government is now a day's very much harsh in collection of VAT from all relevant sources. The area of the VAT is increasing day-by-day. It is true that organizations are paying VAT still they are not in a position to keep their records as per VAT act and rules to substantiate their legitimate position. VAT authorities are not also accommodating in this perspective. Therefore, taxpayers are in dilemma to tackle this critical diverse situation. Keeping in mind the busy schedule of the management of the 21 century and the need of clear understandings about VAT transactions the magnitude of the presentation would be optimal so that participants can derive maximum benefits and effectively handle the complexities of VAT related issues in their day to day affairs.

Training Content:

• National Board of Revenue (NBR) at a glance
• NBR roles in import & Export product
• General features of VAT (Indirect taxation) system of Bangladesh
• Brief history, Mission & role of VAT
• How does VAT works, Tax liability, net work & value addition
• Input tax credit mechanism& characteristic of VAT
• VAT- able goods & services, exemption & tax rate
• Cottage industry & turnover tax
• Registration process of manufacturer, services, traders & importer
• Stages of VAT when payable & how?
• ECR & advance trade VAT
• Value calculation & payment of tax
• Tariff value, Excise duty & obligation of VAT unit
• When to pay? & mode of payment
• Submission of return, Record keeping & Right of Tax payer
• Offence, penalty, adjudication & dispute statement
• Different forms on VAT
• Dispute & Need

• Network/Scope, Exemption, calculation
• Registration process
• Tax base/procedure of VAT
• Truncated base &VAT at source
• VAT payment &collection System
• Central Registration Process
• VAT on Banking & Insurance Sector
• Hotel, Restaurant, Construction firms and Building Developer
• VAT system on Export, Deemed Export and Bond
• Various reporting Under VAT law
• Refund system

• Tax base & determination of assessable value for VAT
• Different kinds of value
• Legal provision
• Declaration & Calculation of value
• Components of value
• Approvals

• Importance of record keeping in VAT
• Obligation & Record keeping
• Characteristics of VAT as a tax system
• Record keeping (mainly)
• Commercial documents
• VAT Accounting and Payment Procedures

Adjudication & Appeal

• What is Adjudication?
• Offences for adjudication
• Power of adjudication
• Imposition of penalties
• Adjudication process

Md. Lutfor Rahman
Commissioner (Customs & VAT)
Government of The peoples Republic of Bangladesh

Md. Lutfor Rahman joined Bangladesh Civil Service as Assistant Commissioner of Customs in the year 1988. Since then, he worked in diverse areas including revenue collection, customs fraud, anti smuggling program, prevent commercial fraud etc. He worked as Deputy Commissioner of the Customs House to implement the Export and Import policy of the country. He was also involved in policy formulation and implementation in Customs Administration. In Chittagong, he worked as Deputy Director, Customs, Excise and VAT Training Academy to monitor and formulate training program for the new entrants. During his job tenure in CAM-1 project as Training In-charge financed by the World Bank on lien from the National Board of Revenue, he worked to develop and formulate international standard and acceptable Customs declaration according to UN layout plan. Between September 2001 and January 2004, he was posted at ICD custom station under Customs House Dhaka, and looking after, among others, ASYCUDA ++ system, supervising import and export including Garment bonded warehouse. He was made First Secretary (Customs) of National Board of Revenue in January 2004 with responsibility to help Customs policy making and coordinate budget activities of the country.

Mr Rahman attended many trainings namely modern system of application of customs regulations under Singapore Co-operation program, VAT management in UK Customs, Risk assessment, profiling, and targeting organized by World Customs Organization in Manila.

Prior to his present designation, he carried out his responsibilities as Additional Commissioner of Customs at Custom House Dhaka & In-charge of Zia International Airport, Commissioner of customs at Appeal Commissionerate, Dhaka, Custom House Chittagong, Director General at DEDO office, Dhaka.