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"
- Mobile Operators Urge VAT Exemption on Spectrum Fees to Boost Investment and Align with Global Norms
- NBR to Launch QR Code System on Packaged Goods to Prevent VAT Evasion
- Bangladesh plans to Implement Uniform 15% VAT Rate Across All Sectors
- Businesses Face Persistent Challenges with Online VAT Return System, Seek NBR Action
- Bangladesh Plans Uniform 15% VAT for All Sectors, No Compromise on Advance Income Tax
