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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