Facebook deposits Tk 2.4cr VAT
Social media giant Facebook has deposited nearly Tk 2.4 crore in value-added tax (VAT) after it got registration for the indirect tax with the National Board of Revenue (NBR).
The VAT was paid through Facebook Ireland Ltd, Facebook Payments International Ltd and Facebook Technologies Ireland Ltd for the month of June, said Pramila Sarker, additional commissioner of the Customs, Excise and VAT Commissionerate, Dhaka (South).
They got BINs after a two-year stalemate since July 2019, when the NBR made it compulsory for tech giants to either set up offices in Bangladesh or appoint agents such that the government can collect VAT provided by local firms for taking services.
They got BINs after a two-year stalemate since July 2019, when the NBR made it compulsory for tech giants to either set up offices in Bangladesh or with commissionerate point agents such that the government can collect VAT on the services provided by them by local firms.
Prior to Facebook, Google and e-commerce company Amazon got BINs here complying with the NBR rule.
Early this month, Microsoft, the introducer of the most widely used operating system Windows, got VAT registration.
Facebook's local sales agent Httpool Bangladesh Ltd has been paying the indirect tax since July last year.
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