VAT

Why VAT on imported software does not make any sense

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.

‘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.

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.

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.

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.

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.

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.

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.

Ministers stand by Muhith

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

September 18, 2015
September 18, 2015

V-Day

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.

September 17, 2015
September 17, 2015

HC stops VAT on English medium students for 6 months

The High Court stays for six months a government decision that imposed 7.5 percent VAT on tuition fees of English medium students.

September 14, 2015
September 14, 2015

VAT protesters, Titumir BCL scuffle at Kakoli

About 29 people are injured after anti-VAT demonstrators and Titumir College Chhatra League activists scuffle at Kakoli today.

September 13, 2015
September 13, 2015

VAT protest: Dhaka comes to a standstill (video)

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.

September 11, 2015
September 11, 2015

Private universities call for reviewing VAT

Association of Private Universities of Bangladesh (APUB) calls upon the government to reconsider its decision to impose VAT on the universities.

September 10, 2015
September 10, 2015

Trapped in demo, Dhaka stalls

Traffic problems reaches acute levels in Dhaka after road blockades were set up at several key points by demonstrating public university students.

September 10, 2015
September 10, 2015

University students cripple Dhaka with anti-VAT demo

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.

September 9, 2015
September 9, 2015

Cops fire on anti-VAT student demo: 15 hurt

East West University students clash with police during demonstration protesting VAT on tuition fees. Badda-Rampura road blockaded for half-an-hour.

August 25, 2015
August 25, 2015

Education should be equally accessible

Education is both a human right in itself and an indispensable means of realising other human rights.

August 19, 2015
August 19, 2015

COMMENTS

Education is not the right area to impose VAT.

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