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Bangladesh VAT update

  • VAT
  • 08 June 2017 | Richard Asquith

Bangladesh VAT update

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
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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 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.