Government entities have been given the responsibility of deduction of VAT at source. While these entities make payment following purchase of goods or service, they then need to deduct VAT at source if the purchase attracts short VAT rates: 5 percent, 7.5 percent or 10 percent.
Source: thedailystar.net
Latest Posts in "Bangladesh"
- Dhaka Metro Seeks 10-Year VAT Exemption Extension to Keep Fares Affordable for Commuters
- NBR Delay on 15% VAT Decision Puts Construction Contractors’ Payments and Projects at Risk
- NBR Launches Online VAT Refund System for Faster, Direct Bank Transfers to Taxpayers
- NBR Launches Online VAT Refund System to Boost Efficiency and Transparency for Taxpayers
- NBR Launches Automated VAT Refunds, Cancels Old Applications, Ensures Direct Bank Transfers
