Govt backtracks on restaurant supplies moving to 15% standard rate The Bangladeshi National Board of Revenue (NBR) on 17 January has excluded restaurant services from the move from the 5% reduced rates to the standard 15% rate. The change comes following heavy lobbying by the
Plans for simple single VAT rate lose out Bangladesh is to back track on original plans for a single VAT rate simplification, and instead reduce from six rates to four. The new rates will be: 15% standard; 10%, 7.5% and 5% reduced rates. Only the
Bangladesh implemented Value Added Tax obligations on non-resident providers of digital services to its consumers on 1 July 2019. Generally, the reduced VAT rate of 5% applies – but there are many exceptions when the standard 15% is imposed (e.g. social media). VAT applies to
