Bangladesh 15% VAT implementation July 2019

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

Bahrain increases VAT rate to 10%

From 1 January 2022, Bahrain has announced that it will increase its VAT rate from 5% to 10%. This VAT rate increase is being introduced to re-stabilise the...

SEE MORE
LATEST NEWS

UPDATE: Bulgaria extends the VAT rate reduction to 9%...

The Bulgarian tax authorities have confirmed that the VAT rate applicable on the following goods and services will remain at 9% until after the COVID-19...

SEE MORE
LATEST NEWS

New German coalition government announces intention to...

The German government has announced that it intends to implement a mandatory B2B e-invoicing regime in the country.     The new voluntary regime will allow...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.