VAT

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...

The value added tax (VAT) proposed in the budget for 2019-20 on online shopping comes into effect from today, albeit at a reduced rate and under a new calculation. Amidst the e-commerce industry’s outcry and campaigns, the rate has been reduced to 5 percent...

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...

The tax collector has moved to remove the complexities over issuing the VAT registration after it found 80 per cent of the businesses have not updated their identification yet. Some 20,000 businesses have updated their Business Identification Number (BIN) since July according to guideline under the new...

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 revenue officials have strongly opposed the recent proposal of the deputy commissioners (DCs) under administration cadre to involve them in the government's tax revenue collection process. Both BCS taxation and customs and VAT associations, in a statement on Thursday, expressed their deep concern and also sought...

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...

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...

The new VAT (Value Added Tax) law has mostly been transformed into its 1991 version because of myriad changes made during the past six months, critics have said. Economists were critical of this edition, saying changing the provisions of the fresh law has made it far worse...

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....