5 Major Developments in Bangladesh

5 Major Developments in Bangladesh

• Revenue Collection Rises 15% in First Two Months of FY24 Due to Higher VATs

• Revenue board will offer Genex Infosys Ltd a commission on VAT collected through electronic devices

• VAT now applicable for govt job application

• Big Tech to Come Under NBR’s VAT Audit

• Import Tax Exemption Expands 18% Despite Efforts to Rein In

Exemption

• NBR waives 7.5pc VAT on aluminium scraps, wastes

• Import Tax Exemption Expands 18% Despite Efforts to Rein In

Fiscal Representation

• Revenue board will offer Genex Infosys Ltd a commission on VAT collected through electronic devices

Liability (Reverse Charge/Withholding)

• Tax Guide 2023 – 2024

Rate

• NBR waives 7.5pc VAT on aluminium scraps, wastes

• Big Tech to Come Under NBR’s VAT Audit

Refund

• Big Tech to Come Under NBR’s VAT Audit

Reporting / Compliance

• NBR Earned Highest Tk1.25 Lakh Crore from VAT in FY23

• NBR Records Strong VAT Growth Despite Challenges

• Big Tech to Come Under NBR’s VAT Audit

• Embracing the Future of VAT Management

• EFDMS launched to boost VAT Collection

• Revenue Collection Rises 15% in First Two Months of FY24 Due to Higher VATs

Taxable Transaction

• VAT now applicable for govt job application

Technology

• Big Tech to Come Under NBR’s VAT Audit
• Embracing the Future of VAT Management