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Bangladesh asks Internet giants to appoint agents for VAT payment

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Christian Fernsby ▼ | June 28, 2019
Bangladesh's tax collection body, the National Board of Revenue (NBR), has asked global giants like Google and Facebook to appoint agents in the country in order to pay VAT (value added tax), an official said Thursday.
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In this connection, NBR issued a notice, in which it said that the tax collection body is all set to enforce a new VAT law from the next 2019-20 fiscal year (July 2019-2020).

NBR in its notice also mentioned YouTube, Viber, Messenger and WhatsApp.

According to the NBR official, who preferred to be unnamed, said the notice will be sent to all stake holders concerned and the relevant government authorities including Bangladesh Telecommunication Regulatory Commission.

Earlier this year, Bangladesh decided to collect 15 percent VAT from the advertisements on Internet platforms following a High Court order in this connection.


 

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