GP pays taxman USD29m to settle licence fees, under threat of account freeze

5 Apr 2012

Bangladesh’s largest mobile operator by subscribers, GrameenPhone, has complied with demands from the tax regulator, the National Board of Revenue (NBR), by paying BDT2.397 billion (USD28.8 million) in value added tax (VAT), after receiving a warning that its bank accounts could be frozen if it did not settle the tax bill related to its previous payment of mobile licence renewal and spectrum fees. As reported by The Daily Star, the NBR said in the warning letter that it was acting according to a court order, stemming from demands to pay all dues related to 2G concession renewal charges set by the Bangladesh Telecommunication Regulatory Commission.


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