It goes without saying that this whopping 20% increase in import duty for software is a massive one. Not only does it mean an increased price tag for essential software like Word and Windows OS, but it also reduces the accessibility of premium, full versions of such software for local users.
Realtors today said the cost of various raw materials, including rod and lift, will increase in the next fiscal year because of the increase in value added tax and customs tariff.
The price of the handsets will go up as the government today proposed 5 percent value-added tax on mobile handset sales.
The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
The VAT Intelligence has frozen bank accounts of Mr Baker Cake & Pastry Shop on allegation of evasion of value added tax, said its Director General Moinul Khan.
The share of value-added tax (VAT) in the national exchequer has continuously been creeping up ever since its introduction more than 27 years ago, and has increased in recent years to the point where it is the single biggest slice of revenue collections by the government.
Cox’s Bazar municipality authorities have dumped garbage in front of four residential hotels in a bid to collect taxes as the hotel managements did not pay it despite several notices were served.
The High Court orders the government to realise appropriate tax, VAT and other charges from the revenues earned by different digital platforms like Google, Facebook, Amazon, Yahoo and YouTube.
Ministers and senior MPs from the ruling alliance yesterday in parliament spoke in defence of Finance Minister AMA Muhith and
Health conscious university kids immediately go on VLCC's VAT-reducing diet. Traffic jam turns into VATtic jam as playing with traffic is the only available bargaining chip.
The High Court stays for six months a government decision that imposed 7.5 percent VAT on tuition fees of English medium students.
About 29 people are injured after anti-VAT demonstrators and Titumir College Chhatra League activists scuffle at Kakoli today.
Students pursue mass protests in Dhaka and put road blockades along key points in the capital, severely disrupting traffic in strike against 7.5 percent VAT on private university tuition fees. They say protests will continue until the VAT is withdrawn.
Association of Private Universities of Bangladesh (APUB) calls upon the government to reconsider its decision to impose VAT on the universities.
Traffic problems reaches acute levels in Dhaka after road blockades were set up at several key points by demonstrating public university students.
Private university students hit the streets across Dhaka demanding withdrawal of the 7.5 percent VAT imposed on tuition fees - a day after police opened fire on East West University students demonstrating on the same demand.
East West University students clash with police during demonstration protesting VAT on tuition fees. Badda-Rampura road blockaded for half-an-hour.
Education is both a human right in itself and an indispensable means of realising other human rights.
Education is not the right area to impose VAT.