- Bangladeshi National Board of Revenue issued General Order No. 1/Musak/2024 on Nov. 5
- Order includes measures to exempt VAT on imports of specified goods
- Measures include exempting VAT on imports of capital equipment between warehouse licensees
- Order also clarifies conditions for taxpayers to claim VAT exemption at local trader level
- Order takes effect on the same date as issued
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Bangladesh"
- VAT Waiver on Vessel Imports: Opportunity for Growth with Rigorous Compliance Conditions
- Bangladesh Exempts VAT on Large Vessel Imports to Boost Trade and Employment Opportunities
- Government Grants VAT Exemption on Import of Large Sea-Going Vessels
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
