9 July 2019
From 1 July 2019, Bangladesh introduced a new VAT regime in the country, with a standard rate of 15%.
With this change, VAT is also chargeable on sales of e-services made by non-resident suppliers. Previously, there was no VAT regime in the country so foreign businesses providing digital services did not have to charge VAT on their supplies. However, this recent change has meant that VAT at 15% is also charged on these types of transactions.
This new tax applies to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
LATEST NEWS
Lithuanian VAT rises to support defence spending
The Lithuanian Ministry of Finance is proposing to: Increase the existing 9% reduced rate to 12% on supplies of some domestic passenger transport, domestic...
SEE MORE
LATEST NEWS
Slovakia proposes the introduction of mandatory...
Slovakia has become the latest EU country to propose the introduction of a mandatory electronic invoicing regime for B2B transactions, from 1 January 2027. A...
SEE MORE
LATEST NEWS
Spain confirms timeline for the introduction of...
In April 2025 the Council of Ministers gazetted a new timetable for the mandatory B2B electronic invoicing regime confirming that this will apply to: Resident...
SEE MORE