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Facebook deposits Tk 2.4cr VAT directly after registration

Social media giant Facebook has deposited nearly Tk 2.4 crore in value-added tax (VAT) after it got registration for the indirect tax with the National Board of Revenue (NBR).

Facebook is the third global technology giant to obtain registration from the NBR two years after the revenue board made VAT registration mandatory for non-resident foreign companies that do not have physical presence in Bangladesh.

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