Value Added Tax

Electronic cash register outside district towns to be mandatory

To ensure deposition of VAT by traders outside district towns, the government has planned to make it mandatory for trading units outside the district towns to use Electronic Cash Register (ECR) and point of sale (POS) system.

June 3, 2016
June 3, 2016

VAT to push up cost of living

The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.

June 2, 2016
June 2, 2016

Electronic cash register outside district towns to be mandatory

To ensure deposition of VAT by traders outside district towns, the government has planned to make it mandatory for trading units outside the district towns to use Electronic Cash Register (ECR) and point of sale (POS) system.

June 2, 2016
June 2, 2016

Package VAT doubled for small traders

In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.

May 17, 2016
May 17, 2016

VAT law could spell trouble

That the government needs to increase revenue is understandable, given that we are looking at wholesale promotions within the bureaucracy and a new revised wage board that has to be implemented for State officials. However, one has to take into account at what cost will revenue be increased. Going by what has been published in the press, everything from electricity to apparels will be more expensive – products and services will boast at least a 15 percent increase in selling price.

April 29, 2016
April 29, 2016

Muhith defends uniform VAT

Consumers might be slapped with a uniform 15 percent value added tax from next fiscal year as Finance Minister AMA Muhith

April 28, 2016
April 28, 2016

15% uniform VAT from next fiscal: Muhith

Despite opposition from businesses, Finance Minister AMA Muhith says a uniform 15 percent VAT will be applicable from next fiscal year.

April 26, 2016
April 26, 2016

Mobile operators for lifting VAT on internet use

In a pre-budget discussion, mobile operators urges the government to remove value added tax (VAT) on internet use in the upcoming fiscal plan for 2016-17.

October 14, 2015
October 14, 2015

7.5% VAT on English medium school tuition remains

The Supreme Court stays a High Court order that halted the 7.5 percent value added tax (VAT) on the English medium schools’ tuition fees.

June 4, 2015
June 4, 2015

VAT exemption for local industries

The government proposes to withdraw value added tax (VAT) on a number of products and services to encourage local industries grow further.