Having worked in the VAT management system for nearly three decades since 1995, I have had the opportunity to observe numerous policy initiatives and administrative reforms. Despite these efforts, Bangladesh continues to have one of the lowest tax-GDP ratios in the world, a reality that clearly fai

Facing the impacts of Covid-19, a major concern now is how to boost the economy. Measures are being suggested and implemented in different sectors to overcome the crisis. The National Board of Revenue (NBR) has a great role to play since it directly works with the economy. In fact, tax measures are

Establishment of a standard VAT system in the country has been a long-cherished goal. We introduced VAT back in 1991 and have thus a history of VAT practice of 28 years. Within such time, many nations have shown tremendous development in all sectors. We are moving ahead, but we need to accelerate t

After many ups and downs since its enactment in November 2012, the new VAT law is finally going to be implemented from July 01, 2019. The business concerns which mainly stood in the way of its implementation two years back have mostly been addressed by the recent budgetary measures. However, the

There have been plenty of discourses about designing a value added tax (VAT) system in the country. There were enough talks on exemption, standard rate, truncated rates, tariff value, threshold, treatment to the Small and Medium Enterprises (SMEs) etc. These continue to appear inconclusive. The new

Over the past couple of years, there has been a lot of discourse regarding rates of Value Added Tax (VAT) to be incorporated in the VAT legislature of the country i.e., the new VAT law (Value Added Tax and Supplementary Duty Act, 2012) which is going to be implemented from July 01, 2019 with amendm

The Value Added Tax and Supplementary Duty Act, 2012 (New VAT law) is expected to come into full effect from tomorrow (July 01, 2016). The new VAT law was passed by parliament in November, 2012. Since then and even before its enactment, there was resentment among many in the business community r

The Value Added Tax and Supplementary Duty Act, 2012 (the new VAT law) is scheduled to come into effect from July 01, 2016. Meanwhile, several issues have cropped up; of them, the issue of package VAT was dealt in this newspaper on May 14, 2016. The present article deals with another such issue