This year’s Bangladesh budget has raised the Value Added Tax rates on a range of goods, including:
- VAT on restaurants is to be increased from 6% to 7.5%
- VAT on some language, motor and port services is to be raised from 6% to 7.5%
- There is to me a cut in VAT on basic cooking oils from 15% to 10%.
The above changes come in addition to Bangladeshi VAT Compliance changes also announced in the budget
VP Global Indirect Tax
Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.