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Bangladesh VAT implementation 2021

  • Dec 20, 2018 | Richard Asquith

Bangladesh VAT implementation 2021

Bangladesh is planning to introduce an overhauled Value Added Tax regime in January 2021.

It will replace the existing VAT regime, which lacks many of the fundamental principles of international VAT systems such as full deductions of input VAT for businesses and clear VAT calculations.

The new system will likely have a standard rate of 15%, with two reduced rates of 7.5% and 5%.

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VP Global Indirect Tax
Richard Asquith
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 can be contacted at: He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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