- NBR simplified VAT refund process for superstores.
- Superstores no longer need to submit ‘input-output coefficient’ for VAT refund.
- Superstores cannot claim VAT from consumers and must sell products at VAT inclusive prices.
- Superstores can choose between 7.5% VAT with no rebate or 15% VAT with rebate.
- NBR aims to simplify the system to encourage superstore expansion.
Source: today.thefinancialexpress.com.bd
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.
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