- Bangladesh’s FY2026-27 budget made quarterly VAT returns the default, shifting the timing of VAT remittance and potentially delaying cash receipts to the treasury.
- The budget also sharply reduced the deposit required to contest tax demands, easing the burden on taxpayers with disputed assessments.
- A five-year corporate tax roadmap was announced, keeping corporate tax rates unchanged through FY2030-31 to give investors policy certainty.
- The article says these measures are intended to widen the tax base by lowering the cost of compliance versus informality.
- Early FY2026-27 VAT collections were down year-on-year, with the quarterly filing change and other pressures expected to defer roughly Tk 20,000 crore of public funds in the first year.
Source: thedailystar.net
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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