Bangladesh’s 2017 budget includes a number of changes to the VAT regime. These include:
- A new 4% turnover tax will be levied on businesses with a turnover below BDT15million
- The VAT registration threshold will rise to BDT15 million per annum from BDT8million
- A range of basic foods, agricultural supplies, public transport, pharmaceuticals, education and medical services will be exempted from VAT
Latest Bangladesh news
Bangladesh VAT implementation 2021
December 20, 2018
Bangladesh is planning to introduce an overhauled Value Added Tax regime in January 2021. It will replace the existing VAT regime, which lacks many...
Bangladesh VAT update
June 8, 2017
Bangladesh’s 2017 budget includes a number of changes to the VAT regime. These include: A new 4% turnover tax will be levied on businesses with...
Bangladesh simplifies tourism VAT
July 30, 2016
As part of the 2016/17 budget, Bangladesh has consolidated the VAT rates on a number of tourism-related services. Hotel VAT has been cut from 15%...
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.
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