Value Added Tax (VAT) was introduced back in 1991, replacing sales tax and excise duties in Bangladesh through the enactment of the Value Added Tax Act, 1991. Later, to make VAT administration more compatible with global standard practices, The Value Added Tax and Supplementary Duty Act, 2012, was drafted and eventually enacted in July 2019.
Source: www.dhakatribune.com
Latest Posts in "Bangladesh"
- Bangladesh Enables Large Corporate Tax, VAT Payments Digitally via bKash and Other Mobile Services
- NBR Enables Corporate Tax, VAT Payments via bKash and Other Mobile Financial Services
- NBR Honours Top VAT Paying Businesses and Reporters to Promote Tax Compliance and Awareness
- Energy Ministry Urges VAT Cut on LPG Imports to Tackle Supply Crisis and Price Hikes
- Energy Division Seeks 10% Import VAT, Local Production Exemption for LPG to Ease Supply Crisis
