VAT

Much has been said about the modernisation and automation of the value-added tax system in Bangladesh over the last decade. Yet, the automation of the VAT administration is halfway, although the project's tenure is supposed to come to its end this year. Businesses say they can get...

Amid growing popularity, online shopping is getting costlier soon for the proposed value added tax (VAT) imposed on it in the budget for fiscal 2019-20. Customers will have to pay 7.5 percent value added tax for online shopping and purchasing goods from online shops, says the...

The VAT Intelligence Directorate of National Board of Revenue (NBR) has lodged a case against a local sales partner of Facebook for noncompliance with the VAT (value-added tax) Law. The company was charged for not paying VAT for three consecutive months, and for violating the VAT law....

Although the business establishments make VAT payments every month alongside submitting their returns, the business entities would now be able to make VAT payments to the government exchequer directly from their bank accounts through online. The National Board of Revenue (NBR) is going to launch VAT e-payment...

Facebook is likely to appoint a VAT agent to ensure payment of value-added tax from their advertisement earnings from Bangladesh market. “We have talked to the government. The company will abide by all the existing laws of the country, Faceboo’s Public Policy Director in India and South...

অর্থমন্ত্রীর প্রস্তাবিত বাজেটে দেশের মুদ্রণ, প্রকাশনা ও প্যাকেজিং শিল্পের কাঁচামাল আমদানির ওপর ২৫ শতাংশ থেকে কমিয়ে ৫ শতাংশ শুল্ক আরোপের দাবি জানিয়েছে এ খাতের ৬ ব্যবসায়ী সংগঠন। গতকাল শনিবার রাজধানীর পল্টন টাওয়ারে ইকোনমিক রিপোর্টার্স ফোরাম (ইআরএফ) কার্যালয়ে আয়োজিত যৌথ সংবাদ সম্মেলনে এ দাবি...

State Minister for Industries Kamal Ahmed Majumder today said that steps would be taken to keep same the value added tax (VAT) system at the import and production levels of the products of light engineering industries. Like the readymade garment (RMG) sector, providing all kinds of necessary...

রাজধানীর বনানীর কামাল আতাতুর্ক রোডে অবস্থিত টেপটেলস রেস্টুরেন্ট এ বছর জানুয়ারি মাসে ব্যবসা শুরু করলেও জুন পর্যন্ত তাদের ভ্যাট নিবন্ধন ছিল না। অথচ নিবন্ধন ছাড়াই এত দিন তারা ক্রেতাদের কাছ থেকে ১৫ শতাংশ হারে ভ্যাট আদায় করে আসছিল। মঙ্গলবার ভ্যাট গোয়েন্দা অধিদপ্তর টেপটেলস রেস্টুরেন্টে...

Businesses are facing difficulties to submit their VAT returns online following repeated complexities and cumbersome procedures. A number of large businesses have already lodged complaints with the VAT authority, as they failed to submit their returns online. However, the National Board of Revenue (NBR) is charging Tk...

The National Board of Revenue has decided to provide manual business identification number (BIN) to global technology giants, including Google, Facebook and Youtube, as its online system is yet to be ready to issue e-BIN to foreign entities without any office in Bangladesh. The decision came after...