VAT ONLINE PROJECT VOP in short
This presentation outlines the VAT Online Project (VOP) established by the Government of Bangladesh, focusing on key objectives, milestones, timelines, features, major activities, and achievements. The project aims to increase government revenue, simplify compliance for businesses, enhance tax administration, and stimulate industrialization. Various stages of the project, such as procurement, implementation planning, stakeholder engagement, and training programs, are highlighted.
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Presentation Transcript
Welcome to Presentation on VAT ONLINE PROJECT VOP in short Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Milestone to establishment of VOP Parliament approves Value Added Tax 2012 - Nov 12 ECNEC approves 551.58 crore Taka DPP Oct 13 GoB reaches US$ 60 million Credit Agreement Dec 14 with WB NBR issues SRO for 1 July 2016 implementation Apr 15 of VAT Act Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Key objectives of VOP Substantially increase government revenue Make it cheaper and easier for the business to comply with the new VAT law Enhance the NBR's capacity to identify and act on non-compliant taxpayers Realise a modern, well-disciplined, service-oriented VAT administration Establish knowledge based VAT administration Facilitate rapid industrialisation of the country Decrease cost-of-doing-business both in Public & Private sectors Encourage more investment in private sector Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Time lines and features of VOP Project Start Date: Completion Date: Project Cost: October, 2013 December, 2018 BDT. 551.5878 Crore (a) PA Fund BDT. 449.7440 Crore Largest project in NBR history (b) GOB BDT. 101.8438 Crore Expenditure (July 2015): BDT. 11.81 Crore (a) FY13-14 BDT. 3.58 Crore (b) FY14-15 BDT. 8.22 Crore Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Major activities of VOP office Establish project office Identify key project tasks Develop implementation Plan Mobilise resources Constitute teams for international and local procurement Establish contact with stakeholders Set up work groups Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Achievements Complete successfully two major international procurements Appoint a PMC to assist in project implementation Select a supplier for COTS for VAT on Line system Launch Taxpayer Communication program Develop implementation Plan Establish contact with stakeholders Initiate local and foreign training programs Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Achievements.. continued A four-party consortium led by ECORYS Plc (UK) appointed as PMC 3 year appointment ends 16 Aug 18 PMC launched with the joining of Team Leader on 16 Aug 15 First milestone complete inception report by 16 Nov 15 Four National and eight International consultants in various stages of mobilisation PMC s brief provide assistance across 8 components PIU Operations & Capacity Development Procurement & Contract Management Organisational Reforms Taxpayer Education & Communication Change Management Functional Specification ICT Training Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Achievements.. continued Progress on appointment of vendor for the supply of Hardware, COTS software, Networking and Support Services CCGP approves tender 22 July 2015 PD issues letter of acceptance 20 August 2015 Contract signing by parties (scheduled) 16 September 2015 Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Achievements.. continued TRAINING A. Internal Training: (VOP) RTI Implementation Familiarization with VAT & SD Act 2012 Training of Trainers (TOT) E-Waste Management Assistant Commissioner /ARO/Computer Operator 2014-15 FY: Training Arranged 20 : Participant=591 B. External Training Completed (2014-15) Scheduled (2015-16) Uganda Australia, Bulgaria, Georgia Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Achievements.. continued TAXPAYER EDUCATION & COMMUNICATION Seminars/workshops organised in FY 2014/15 by NBR Commissionerates VAT Divisions Total 19 44 140 203 1,32,300 Participant number reached Review meeting on Lessons learn from Taxpayers Communication Program held EoI for Taxpayers Satisfaction Survey VAT Bulletin Aug 2015 Aug 2015 Finalised Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Achievements.. continued Others: Quarterly Financial Report FAPAD Audit RTI Draft Approved Concept Paper for Customs & VAT Infrastructural Development Taxperson Incentive Policy, 2015 Meeting with CAG and Stakeholders on ePayment Completed Completed Aug 15 Drafted Presented Aug 15 Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Upcoming Development of High Level Business Process Organization Design; Implementation of Staff Training; Rollout of Taxpayers Communication Plan; Designing of effective Advertisement; Development of Registration Module; Determination of Registered Taxpayers Baseline; Preparation of Law and SROs. Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Progress on Issues from last meeting Meet Chief Information Commissioner Scheduled Sep 15 Launch Online registration by 1 Jan 16 Meet District Administration, Police & District Judge Translation of VAT Act into English Field Offices rent data for FY2014/15 Next meeting of Project Steering Committee Scope to expend assigned funds under ADP PMC launched; COTS vendor to be mobilised Oct 15, registration schedule expected to be achieved Scheduled Oct 15 onwards Draft completed, being sent to Law Ministry Oct 15 Tk 219.57 crores Held 24 Aug 15 With tenders completed, ADP funds can be utilised for services from COTS and PMC suppliers Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Challenges Completion of BPR and Development of Organisational structure on schedule Contract Management. Change Management. Configuration of COTS for timely rollout of IVAS Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
Thank you for listening Questions? Presentation to Internal Resources Division, Ministry of Finance, GoB, 30 August 2015
