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23 September, 2019 00:00 00 AM
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Online products sellers to pay VAT: NBR

BSS, Dhaka

The National Board of Revenue (NBR) has issued a directive asking the seller organisation to pay VAT in case of selling products and services through online.

The revenue board also gave an explanation on “selling products through online” stating that buying and selling of products and services through online would be meant as online purchase or sell which is acquired subject to payment of VAT from any earlier producer or service provider who does not have any own sales center.

The NBR in its explanation also said that under the overall transaction process, no matter the selling organization provides taxable or non-taxable products, five per cent VAT would be charged on the provided products and services.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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