Monday, January 30, 2012

Ministry wants to impose VAT on BPL profit

The Economic Relations Division (ERD) of the Finance Ministry wants to impose Value Added Tax (VAT) on the profit of money-spinning Bangladesh Premier League (BPL), said an official of the Ministry of Youth and Sports. During an inter-ministerial meeting on Monday, the department asked Ministry for Youth and Sports to let it know the Bangladesh Cricket Board (BCB).
The meeting which was held at the Ministry of Youth and Sports with the presence of high ups of the different ministries to make the BPL success, the first ever of its kind is being organsied by the BCB.
Apart from that, in the meeting the finance ministry also wants to know about the exchange of foreign currency from BPL. The asked the BPL to give them rough calculation about the expenditure behind the foreign players and officials and others.
State minister for youth and sports Ahad Ali Sarkar presided over the meeting.
News Source: 
The Independent

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