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Tag: VAT

VAT realization: NBR turns down Dhaka Club’s request

April 7, 2021April 8, 2021 sub EditorBangladesh, Tax

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.

Bangladesh, Dhaka Club’s request, NBR, realization, Tax, turns down, VAT

Expediate VAT collection: NBR asks field offices

May 10, 2020 Staff ReporterBangladesh, Tax

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…

Bangladesh, Expediate VAT collection, field offices, NBR, Tax, VAT

Draft ordinances okayed to ease VAT, tax collection

May 7, 2020 editorBangladesh, Governance, Lead News

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.

Bangladesh, collection, Draft ordinances, Governance, okayed, Tax, to ease, VAT

Dhaka exempts duty, VAT from dengue-testing kits

August 5, 2019August 6, 2019 Staff ReporterBangladesh, Health

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.

Bangladesh, dengue-testing kits, Dhaka exempts duty, health, Lead news, VAT

‘Exempt poultry industry from 5 percent Vat’

June 20, 2019June 20, 2019 editorFood & nutrition, Governance, Industry, Tax

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…

5 percent, Bangladesh, demands, exemption, from, Industry, Pountry, VAT

VAT withdrawn against SIM replacement

January 15, 2019 Lutfun NaharBusiness, Tax, Telecom

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.

against, Replacement, SIM, VAT, withdrawn

Internet likely to be cheaper from Dec: Minister

November 29, 2018 Lutfun NaharICT Horizon, Last update

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.

Internet, VAT

UAE Cabinet approves VAT refund for tourists

July 12, 2018 editorFinance, Tax, Tourism

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…

refund, tourists, VAT

UAE to distribute 70pc of VAT revenue to local governments

January 8, 2018 editorBudget, Development

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…

local governments, VAT

UAE implementing 5pc value added tax on Jan 1

December 9, 2017December 9, 2017 editorBanking, Business, Economy, Trade

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…

UAE, VAT

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