- The National Board of Revenue (NBR) has made online VAT return filing mandatory for 11 sectors: cigarettes, medicines, mobile phones, MS products, beverages, cement, tiles, paints and varnish, insurance, banking and non-banking financial service providers, and mobile banking service providers.
- The requirement applies to manufacturers of the listed goods and suppliers in the listed service sectors, through the NBR eVAT portal.
- If a registered person also supplies other goods or services alongside these sectors, the online filing requirement still applies.
- Any earlier NBR orders on mandatory online VAT return submission are cancelled, and the NBR may add or remove sectors from the list at any time.
- The order took effect immediately.
Source: barta24.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"
- NBR Detects Tk3.28 Crore VAT Evasion by Dhamrai Battery Maker
- Mandatory Online VAT Returns for 11 Major Sectors
- Bangladesh’s Credit Outlook Improves, But Revenue Reforms Face a War Shock
- Quarterly VAT Payments Risk Straining Bangladesh’s Cash Flow
- Bangladesh’s VAT Delay Could Cost Too Much in a Gas Crisis
