Robi Axiata Faces Tk 365 Crore Tax Evasion Allegations

Industry: Telecom, Telecom & Mobile
Company: Robi
Company Intelligence Tag: Business Insights

The Comptroller and Auditor General (CAG) of Bangladesh discovered that Robi Axiata Limited underpaid Tk365 crore in taxes for 2019 by reporting lower income through unallowable deductions. This discrepancy was found during the audit of the National Board of Revenue’s (NBR) large taxpayer unit for the 2020-21 tax year. The CAG report highlighted that Robi failed to comply with Section 29 of the Income Tax Ordinance 1984, excluding provisions against tax liability, leading to understated income. Additionally, Robi did not deduct the required 10% tax on dealers’ commissions and 12% tax on certain service expenses. The CAG’s assessment indicated Robi’s total tax liability should be Tk516 crore, resulting in an additional payment of Tk365 crore. Despite this, Robi reported paying Tk361.99 crore in income tax for 2019.

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