VATLive > Blog > VAT > Bangladesh VAT update - Avalara

Bangladesh VAT update

  • Jun 7, 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

Latest Bangladesh news

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 2019 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.

Register now for instant access to over 30 hours of recorded webinars with global tax experts and our latest resources covering the most important issues facing your business right now and for 2021.

VATlive newsletter

Sign up for our free newsletter stay up-to-date with the latest tax news.

VAT Voice Webinars

Stay ahead of the curve, sign-up to VAT Voice, our essential monthly round-up of VAT, GST and legislation news