The High Court (HC) today (May 30) ordered Nobel Laureate Prof Muhammad Yunus to pay over Tk12 crore to the National Board of Revenue (NBR) for evading taxes during the years 2011 to 2013.

The bench of Justice Muhammad Khurshid Alam Sarkar and Justice Sardar Md Rashed Jahangir delivered the verdict.

The bench passed the order after dismissing three separate applications filed by Muhammad Yunus challenging the tax liability imposed on the money gifted by him to the trusts.

Attorney General AM Amin Uddin represented the state while lawter Mustafizur Rahman Khan took part in the hearing on behalf of Muhammad Yunus. 

As per court dockets, the NBR had issued a notice to Muhammad Yunus under the Donations Tax Act, 1990, for around Tk12.28 crore as tax related to donations amounting to Tk61.57 core during 2011-2012.

Besides, another notice was sent for 2012-2013, demanding some Tk1.60 crore in taxes against a donation of Tk8.15 crore.

Moreover, in the tax year 2013-2014, a notice was issued demanding about Tk1.50 crore taka in taxes against a donation of some Tk7 crore. 

BDST: 1348 HRS, MAY 31, 2023
MN/SMS