Google officially signs to pay VAT in Bangladesh1 min read

The global search engine giant, Google has obtained a business identification number (BIN) in Bangladesh to pay Value Added Tax (VAT).

 

The National Board of Revenue (NBR) in Bangladesh has previously made amendments in the provision of the VAT Act, easing the process of paying VAT for foreign companies.

As per sources, the NBR had further clarified that it is obligatory for foreign technology companies such as the likes Facebook, Google and, Microsoft to register and pay taxes in order to do business in Bangladesh. The companies either have to set up offices in Bangladesh or hire VAT agents.

As Google has no permanent establishment in Bangladesh, it has hired a local VAT agent to deal with all VAT-related transactions with the NBR.

You can read more details about the topic here!
0 0 votes
Article Rating

Get real time updates directly on you device, subscribe now.

You might also like
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

0
Would love your thoughts, please comment.x
()
x
SUBSCRIBE TO OUR NEWSLETTER

SUBSCRIBE TO OUR NEWSLETTER

Join our mailing list to receive the latest news and updates from Markedium!

You have Successfully Subscribed!