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new VAT law of Bangladesh

April 30, 2017

new vat law to be introduced from 1 July 2017 in Bangladesh in which it is proposed to impose 15 percent VAT on all sale and service with only a few exception.
http://www.kalerkantho.com/print-edition/first-page/2017/04/24/490063

The VAT law 2012 that is to be implemented from 1 July 2017 in Bangladesh could be downloaded from this link:
http://nbr.gov.bd/regulations/acts/vat-acts/ban


VAT or Value added Tax is nicely explained in the above mentioned youtube video. Business will charge VAT as 15 percent to whoever buys it but if some vat already paid earlier that will returned to that business. it measn each stage it is not 15 percent it is over the whole value addtion. Here usually win win sitatiun, the business at the alter end gets much benefit as they could charge more.

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