value added tax (VAT)
Facebook gets VAT registration from NBR
Social media giant Facebook today got Value Added Tax (VAT) registration from the National Board of Revenue (NBR) after two years of stalemate.
Don’t harass businessmen during VAT collection: NBR chief
National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan asks his officials not to harass businessmen during the collection of Value Added Tax (VAT).
‘7.5% VAT should be withdrawn from e-commerce’
State Minister for Post, Telecommunications and Information Technology Zunaid Ahmed Palak has requested National Board of Revenue (NBR) to withdraw 7.5 per cent VAT from e-commerce businesses.
Hiking tax on mobile phone use suicidal
The Association of Mobile Telecom Operators of Bangladesh (AMTOB) yesterday criticised the proposal to raise the supplementary duty on mobile phone use by 5 percentage points from fiscal 2019-20, terming it a “suicidal decision”.
VAT imposed on ride-sharing services
Government is planning to impose 5 percent value added tax on the ride-sharing services which will make the new kind of transporting system in big cities of the country costlier.
Garbage dumped to collect VAT from Cox’s Bazar hotels
Cox’s Bazar municipality authorities have dumped garbage in front of four residential hotels in a bid to collect taxes as the hotel managements did not pay it despite several notices were served.
15% uniform VAT won’t affect prices of essentials: Muhith
Reiterating his determination to keep 15 percent unified value-added tax (VAT) in the next fiscal, Finance Minister AMA Muhith claims that the uniform VAT will not affect the price of essentials.
VAT law could spell trouble
That the government needs to increase revenue is understandable, given that we are looking at wholesale promotions within the bureaucracy and a new revised wage board that has to be implemented for State officials. However, one has to take into account at what cost will revenue be increased. Going by what has been published in the press, everything from electricity to apparels will be more expensive – products and services will boast at least a 15 percent increase in selling price.
15% uniform VAT from next fiscal: Muhith
Despite opposition from businesses, Finance Minister AMA Muhith says a uniform 15 percent VAT will be applicable from next fiscal year.
VAT from private universities
Some eminent citizens over a BBC programme have urged the government to lift VAT from private universities. The private universities, according to the relevant Act, are supposed to be run on a non-profit basis.
VAT ceiling raised for firms
Companies with an annual turnover of upto Tk 30 lakh will be exempted of VAT from now on, the cabinet decides.
VAT imposition on e-commerce
Business leaders have expressed concern on the proposed imposition of 4 percent value added tax (VAT) on e-commerce sales.
VAT on private universities
Finance minister's proposed 10 percent value added tax (VAT) on around 160 private sector universities including medical and engineering colleges has not found favour with those who have been targeted.