VAT on Online Advertisement

National Board of Revenue (NBR) will deduct 15% vat on ads posted on social media platform Facebook, video sharing platform Youtube & search engine Google, according to a statement by Bangladesh Bank on Monday, 4th March, 2019.

Banks have been provided with separate instructions by Bangladesh Bank. Instructions to the banks include ensuring VAT deduction from service receiver from the service provided by any organization operating outside the national borders. The price of the product sold against any value provided by different services like facebook and youtube is paid through Bangladesh Bank or Other Banks. Therefore, 15% VAT will be deducted from any payment made through Mastercard, VISA card or other payment gateways and will be transferred to national treasury.

Elvis Gomes

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