Monthly VAT Returns Restored as Cabinet Approves Amendment Bill

• The government has reversed the quarterly VAT return/payment system and will restore monthly VAT return filing.
• The Cabinet approved the draft Value Added Tax and Supplementary Duty (Amendment) Ordinance, 2026 to amend Section 64 of the VAT law.
• Taxpayers will again have to file returns within 15 days after the end of each tax period, instead of within 15 days after every three tax periods.
• If the 15th day falls on a government holiday, filing will be due on the next working day.
• Government, semi-government and autonomous bodies, banks, insurance companies, and zero-return filers will still have 20 days after the tax period ends to file.

Source: newagebd.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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