Banks asked for VAT info of non-residence tech agencies

Bangladesh Bank (BB) asked all scheduled banks to submit the information of VAT statement deducted from non-resident service providers, including Facebook, Google and Amazon.

The central bank has instructed the scheduled banks to send the statement of the VAT deducted by the banks from the non-resident institutions to members (VAT policy) of the National Board of Revenue (NBR) within the seven days of the next month, as per a BB circular issued on Wednesday.

BB gave the instruction as per a decision of the meeting at NBR on June 24, 2021.


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