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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
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vat

Online VAT Registration Starts Next Month

The National board of Revenue plans to launch online VAT registration for companies next month as part of its plan to automate its system under the new law. The revenue authority has started giving re-registration to the companies that comply with rules and submit returns regularly. Currently, there are more than eight lack firms registered for VAP payment.
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Pakistani Internet

ISPs Urge To Withdraw VAT On Internet Prices

Internet Service Providers Association Bangladesh (ISPAB) will soon put forward a recommendation to policymakers for withdrawing VAT on internet prices and reducing transmission costs. Currently, internet providers have to pay 15% VAT to buy bandwidth from IIGs and share 10% of their gross revenue with the government, which fuels up the internet prices for customers.
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