VAT

June 18, 2022
June 18, 2022

‘Rise in tax to fuel prices of construction materials’

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.

June 9, 2022
June 9, 2022

Mobile handsets to be costlier

The price of the handsets will go up as the government today proposed 5 percent value-added tax on mobile handset sales.

May 31, 2022
May 31, 2022

Accelerate use of EFDs, ramp up monitoring

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.

October 22, 2020
October 22, 2020

VAT Intelligence freezes bank accounts of Mr Baker Cake & Pastry Shop

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.

July 2, 2018
July 2, 2018

Is VAT a regressive tax on the poor?

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.

May 3, 2018
May 3, 2018

Garbage dumped to collect VAT from Cox’s Bazar hotels

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.

April 12, 2018
April 12, 2018

Realise revenues from Google, Facebook, YouTube, HC asks govt

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.

June 23, 2017
June 23, 2017

Dual policy for tobacco

Contrary to its policy of discouraging tobacco cultivation, the government has retained the VAT exemption facility for unprocessed

June 23, 2017
June 23, 2017

Ministers stand by Muhith

Ministers and senior MPs from the ruling alliance yesterday in parliament spoke in defence of Finance Minister AMA Muhith and

June 21, 2017
June 21, 2017

New Vat Plan: Govt may back off for now

The government may backtrack on its plan to implement the new VAT law from July this year, in the face of pressure from a section of