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
VAT from private universities
Some eminent citizens over a BBC programme have urged the government to lift VAT from private universities. The private universities, according to the relevant Act, are supposed to be run on a non-profit basis.
Why it Hurts
The 7.5 percent VAT on the tuition fees of private universities was based on the hypothesis that rich and well-off parents send their wards to private universities.
Greece misses IMF payment deadline
Greece misses deadline for a €1.6bn (£1.1bn) payment to the International Monetary Fund (IMF), hours after eurozone ministers refused to extend its bailout.
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.
4pc VAT for online trading: Muhith
Finance Minister AMA Muhith today floats the proposal to impose VAT at the rate of 4 percent on the online trading sector.
VAT pushing up prices, says AL
Awami League has criticised the imposition of Value Added Tax (VAT) saying it will not generate more revenue but aggravate people's sufferings by pushing prices higher.
'VAT makes sweetmeat trade sour
Dhaka Mohanagari Mistannya byaboshayee Kallyan Samity on Monday urged the Government to exempt the sweetmeat business from the VAT system
