Five global tech firms paid Tk 4.6 crore VAT in August to NBR

Five global tech firms paid Tk 4.6 crore as value added tax (VAT) in August with social media giant facebook depositing the highest amount, which reflects the growing desire of businesses to advert about their product and services in digital sphere.

Three entities of Facebook, which got VAT registration with the National Board of Revenue (NBR) in June this year, paid a total of Tk 2.56 crore in August, said SM Humayun Kabir, commissioner of VAT Commissionerate, Dhaka South.

Google Asia Pacific Ltd, a concern of Google, deposited second highest amount of VAT in August at Tk 1.70 crore, according to the NBR official.

Last month global e-commerce company Amazon Web Services Inc paid Tk 34.7 lakh VAT.

The tech companies signed up for VAT registration in May and June this year in line with a previous rule of the NBR.