VAT
Taxpayers need not submit hard copies to VAT office
Aiming to encourage e-return filing and reduce hassles, taxpayers will no longer be required to submit hard copies related to value-added tax (VAT) returns to the VAT office if they file an e-return, the National Board of Revenue (NBR) said.
VAT on import and trading of edible oil slashed
NBR also exempted VAT at production and trading of the highly import-based edible oil
VAT on amusement parks may increase
Tour operator services, which include hotels and resorts as well as tour guides, may also no longer enjoy a 15 percent VAT exemption.
15pc VAT on Metro Rail: Quader requests PM to reconsider NBR’s decision
Dhaka is one of the most unliveable cities in the world, which does not go hand-in-hand with the progress made by the country, says the road transport and bridges minister
Why VAT on imported software does not make any sense
It goes without saying that this whopping 20% increase in import duty for software is a massive one. Not only does it mean an increased price tag for essential software like Word and Windows OS, but it also reduces the accessibility of premium, full versions of such software for local users.
‘Rise in tax to fuel prices of construction materials’
Realtors today said the cost of various raw materials, including rod and lift, will increase in the next fiscal year because of the increase in value added tax and customs tariff.
Mobile handsets to be costlier
The price of the handsets will go up as the government today proposed 5 percent value-added tax on mobile handset sales.
Accelerate use of EFDs, ramp up monitoring
The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
VAT Intelligence freezes bank accounts of Mr Baker Cake & Pastry Shop
The VAT Intelligence has frozen bank accounts of Mr Baker Cake & Pastry Shop on allegation of evasion of value added tax, said its Director General Moinul Khan.
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.
Mobile operators for lifting VAT on internet use
In a pre-budget discussion, mobile operators urges the government to remove value added tax (VAT) on internet use in the upcoming fiscal plan for 2016-17.
7.5% VAT on English medium school tuition remains
The Supreme Court stays a High Court order that halted the 7.5 percent value added tax (VAT) on the English medium schools’ tuition fees.
V-Day
Health conscious university kids immediately go on VLCC's VAT-reducing diet. Traffic jam turns into VATtic jam as playing with traffic is the only available bargaining chip.
HC stops VAT on English medium students for 6 months
The High Court stays for six months a government decision that imposed 7.5 percent VAT on tuition fees of English medium students.
VAT protesters, Titumir BCL scuffle at Kakoli
About 29 people are injured after anti-VAT demonstrators and Titumir College Chhatra League activists scuffle at Kakoli today.
VAT protest: Dhaka comes to a standstill (video)
Students pursue mass protests in Dhaka and put road blockades along key points in the capital, severely disrupting traffic in strike against 7.5 percent VAT on private university tuition fees. They say protests will continue until the VAT is withdrawn.
Private universities call for reviewing VAT
Association of Private Universities of Bangladesh (APUB) calls upon the government to reconsider its decision to impose VAT on the universities.
Trapped in demo, Dhaka stalls
Traffic problems reaches acute levels in Dhaka after road blockades were set up at several key points by demonstrating public university students.