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Download as PDF; Printable version; ... Free trade; Free-trade zone; Trade agreement; ... (VAT) in Bangladesh was introduced in 1991. The standard rate of VAT is 15% ...
NBR is the Authority for Tax Policies and Tax Laws in Bangladesh. [1] [2] NBR collects almost 97% of Tax Revenue and almost 85% of total Revenue for the Government of Bangladesh. [3] The Customs, Excise and VAT Appellate Tribunal is a tribunal under the National Board of Revenue established in 1995. [4] [5]
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax.
A value-added tax identification number or VAT identification number (VATIN [1]) is an identifier used in many countries, including the countries of the European Union, for value-added tax purposes. In the EU, a VAT identification number can be verified online at the EU's official VIES [2] website. It confirms that the number is currently ...
The Directorate sued Grameen Bank for VAT evasion of 670 million BDT. [15] It secured 5.2 million BDT from Alesha Mart after completing an audit of the company. [ 16 ] In November 2021, VAT Audit, Intelligence and Investigation Directorate fined Danish Foods Limited, a subsidiary of Partex Group for evading 34.6 million BDT in VAT. [ 17 ]
Customs, Excise and VAT Appellate Tribunal was established on 1 October 1995. [3] The verdicts of the tribunal can be appealed to the High Court Division. [4] It is composed of one tax officer and one judge, one of whom will be the president of the tribunal.
Customs Intelligence and Investigation Directorate (Bengali: কাস্টমস গোয়েন্দা ও তদন্ত অধিদপ্তর) is a specialized intelligence agency of the government of Bangladesh under the National Board of Revenue responsible for investigating tax evasion and customs fraud. [1]
Directorate of Registration (Bengali: নিবন্ধন অধিদপ্তর) is a Bangladesh government directorate under the Ministry of Law, Justice and Parliamentary Affairs, [1] which responsible for registration of property and collecting registration tax. It is also responsible for registration of marriage in Bangladesh.