- Bangladesh Cabinet approved a draft VAT amendment ordinance to restore monthly-style filing: VAT returns must be filed within 15 days after the end of each tax period, instead of once every three tax periods.
- The amendment would revise section 64 of the VAT and Supplementary Duty Act, 2012 to strengthen revenue collection.
- If the filing deadline falls on a public holiday, submission can be made on the next working day.
- Certain taxpayers, including government, semi-government and autonomous bodies, banks, insurance companies, and zero-return filers, would get 20 days after the end of each tax period to file.
Source: dhakatribune.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.
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