The National Board of Revenue (NBR) has turned down the request of Dhaka Club Limited to stop activities of realising Tk 33.74 crore as Value Added Tax (VAT) and Supplementary Tax.
Tag: VAT
Expediate VAT collection: NBR asks field offices
The National Board of Revenue (NBR) on Sunday asked its field offices to formulate a strategy keeping in mind the present condition and expedite the collection of Value Added Tax (VAT) and thus achieve the revised revenue collection target. “We’re…
Draft ordinances okayed to ease VAT, tax collection
Dhaka, May 07 – The Cabinet on Thursday cleared the drafts of two amendment ordinances in a bid to ease provisions in the collection of Value Added Tax (VAT) and income tax during a situation like the ongoing coronavirus crisis.
Dhaka exempts duty, VAT from dengue-testing kits
Dhaka – Amid the shortage of dengue-testing kits due to the widespread prevalence of dengue, the government has exempted import duty, VAT, advance tax and advance income tax from the detection kits.
‘Exempt poultry industry from 5 percent Vat’
Dhaka, June 19 – The leaders of the Feed Industries Association Bangladesh (FIAB) and Breeders Association of Bangladesh (BAB) have urged the government to exempt the poultry industry a 5 per cent Advance Tax (AT) and 5 per cent Advance…
VAT withdrawn against SIM replacement
The government on Monday withdrew all value added taxes and supplementary duties imposed against every SIM card replacement through the Mobile Number Portability (MNP) service.
Internet likely to be cheaper from Dec: Minister
The government is likely to reduce the value-added tax (VAT) for the backward linkage of internet service providers to 5 percent with a view to lowering the internet price for the end users.
UAE Cabinet approves VAT refund for tourists
Tourists visiting the UAE will be provided with a refund system for value-added tax (VAT), it was announced on recently. The UAE Cabinet has adopted a decision to implement the new system, which will be integrated between retail outlets with…
UAE to distribute 70pc of VAT revenue to local governments
The UAE is set to distribute 70 per cent of value added tax revenues to local governments, the country’s prime minister has announced. Sheikh Mohammed Bin Rashid Al Maktoum, who is also the vice president of the UAE and ruler…
UAE implementing 5pc value added tax on Jan 1
The UAE’s Federal Tax Authority has announced a final list of products and services that will be subject to an impending 5 per cent value added tax rate on January 1. Other select goods and services will be zero-rated or…