VAT

The Value Added Tax and supplementary Duty Act, 2012 is going to be fully implemented on 1 July 2017. Some provisions of the act is already being implemended and the re-registration is going on. Under this circumstances, the booklet on FAQs under new VAT system is publised. Content of this booklet is developed by M/s Dhrupadi Techno Consortium ltd. (DTCL) under the contract of website upgradation. This content is verified by NBR and updated accordingly.

Credit mechanism is the blood of VAT System. The credit system is made easy and very simple under new new VAT. Learn how easy and simple the Credit is!

Learn about VAT Registration or Re-registration and Turnover Tax Enlistment or  Re-enlistment under new VAT and get registered or enlisted easily.

Valuation is the most complex area under VAT Act, 1991. Valuation method has been restructured and changed drustically. Please know the new method.

Few benefits of new VAT among many

Differences between Old and New VAT act

New VAT is totally based on Online system. Find the basic Features of Online VAT

10 Responsibilities of Taxpayers under new Online VAT

To make   the Tax payers aware of  Value Added Tax and supplementary Duty Act,2012,   by  arranging taxpayer awareness building seminars under VAT Online Project

VAT implementation Plan

Presentation on VAT Online Project (Date-30.08.2015)

VAT Related 368 Questions & Answers

Budget Implementation Plan (VAT) 2015-16

Value Added Tax Advisor (License) Rule, 1998

METHODOLOGY TO MEASURE THE VALUE ADDED TAX GAP IN BANGLADESH

VAT Brochure

Citizen Charter of Customs, Excise and VAT Commissionarate , Dhaka(South).

A Supplement on the national VAT Day 2014 is published in national dailies.

Bangladesh Survey Report on Tax Compliance Costs of the Formal Sector & Perception of Taxation by the Informal Sector

Value Added Tax Budget 2014 Instruction

VAT Strategic Statement 2013-2018

Bangladesh Value Added Tax System: Limitation in terms of theoretical and practical aspect and ways to overcome the limitations by Md. Farid Uddin, Member, National Board of Revenue was presented on the occassion of National VAT Day 2012.

Government has taken a plan to implement Value Added Tax and Supplementary Duty Act, 2012.  Implementation of this plan is already started. The new VAT act will be implemented from 1 July, 2015 by implementing this plan.

There are provisions of penalty for different offence in the VAT act. In this booklet, the adjudication and appeal processes are described in details.

Drawback is the tax refund against export. Duty exemption and Drawback Office (DEDO) is responsible for approving drawback. This booklet details the drawback process.

Export is Zero-rated. All imports and local purchase related to export is also zero-rated. But there are some procedure to avail these benefits. The benefits and procedure to avail are described in this booklet.

VAT is applicable on most of the imports. Moreover, Advance Trade VAT (ATV) is applicable on certain imports. The procedures for VAT at import stage are described in this booklet.

The working process of banking, non-banking financial institutions, and insurance are different from general procedure. Standard procedure for these sectors are included in this booklet.

Cigarette, bidi, soft drink, mineral water and toilet soap are most important source of revenue. Use of Banderole and stamps are compulsory for these sectors. This booklet is user guide for these industries.

Electronic Cash Register (ECR) and Point of Sales (POS) are automated sales system introduced for large taxpayers. This booklet describe the legal probition of using ECR or POS in te business.

VAT at trading business is an important source of Government revenue. There are several schemes are available for Trade VAT. Different scheme has different procedure.

Return s the final statments of registered or enlisted busness for a tax period. Is is the summery of all business transactions, credit and adjustments. This booklet help you to prepare a return accurately.

Credit and adjustment mechanisam make the VAT system successful to both taxpayers and tax collectors. There are many rules for credit and adjustment. All rules for credit and adjustment are describe in this booklet.

Bangladesh VAT System is Invoice or credit system. Every transaction requires an invoice. Taxpayer issues Invoices in different format in different situation. The invoicing procesures are described in this booklet.

Value Added Tax is basically an accounts-based tax system. Under VAT system, taxpayes have to maintain different types of books of accounts. The book-keeping procedures are described in this booklet.

Value declaration and its approval process in Bangladesh VAT is an unique and critical feature. In this booklet, different aspects of value declaration are described.

All business exceeding VAT threshold is required to registered for VAT. Below threshold, business need to enlisted for turnover tax. Enlistment processes are briefly described in this booklet.

All business exceeding VAT threshold is required to registered for VAT. Below threshold, business need to enlisted for turnover tax. Registration or enlistment processes are briefly described in this booklet.