Grameenphone Limited, the largest mobile phone operator in Bangladesh, has been accused of evading taxes despite having taxable income. The company allegedly concealed approximately Tk 160 million in income for the fiscal year 2020-21, resulting in a tax evasion of about Tk 64.3 million. The Comptroller and Auditor General’s office audit report revealed these discrepancies, highlighting that Grameenphone did not include non-approved expenses in its taxable income. The report also mentioned that the company avoided tax on commissions amounting to Tk 1.52 million, which should have been taxed at a 10% rate. Overall, Grameenphone underreported income by Tk 160.7 million. In response, the Large Taxpayer Unit (LTU) stated that they would review the tax records for appropriate action. Grameenphone, however, maintains that it adheres to relevant tax laws and has not received any official notice regarding this issue.
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