Are you curious about how VAT rates and its exemptions is impact on businesses and consumers in Bangladesh? Join us we unravel the secrets of Service related VAT rates and its exemptions. SL No. Heading No. Service Code Heads of VAT VAT Rate Type Exemption Reference Exemption Details 01 S001 S001.10 AC Hotel 15% VAT … Read more
Are you a business owner in Bangladesh looking to navigate the complex world of VAT registration? Understanding the ins and outs of Value Added Tax (VAT) is essential for all businesses operating in the country. In this blog post, we will unlock the secrets of VAT registration & Turnover Enlistment in Bangladesh, breaking down the … Read more
উৎসে মূল্য সংযোজন কর (মূসক) কর্তন একটি জটিল কাজ। আপনাদের মধ্যে অনেকেই উৎসে মূসক কর্তন নিয়ে প্রশ্ন করে থাকেন কখন মূসক কর্তন করতে হবে। মাঝে মাঝে দেখা যায় ১৫% হারে কর চালানপত্র (মূসক-৬.৩) ইস্যু করলেও উৎসে মূসক কর্তন করতে হয় কেন? আমি এই পোস্টের মাধ্যমে উৎসে মূল্য সংযোজন কর (মূসক) কর্তন সংক্রান্ত সকল প্রশ্নের উত্তর … Read more
Welcome to our blog, where we simplify tax and VAT rates for your business! Stay updated with the latest regulations, practical advice, and clear explanations to keep your operations smooth. Engage with us by sharing your queries and opinions, and let’s make tax and VAT compliance a breeze together. Your path to mastering tax and … Read more
Are you planning to rent a convention hall for your next event in Bangladesh? While you may have already considered the rental price, have you factored in the additional costs such as taxes and Value Added Tax (VAT)? These charges can significantly impact your overall event budget, so it’s crucial to understand how to calculate … Read more
Welcome everyone to our latest blog post on the topic of calculating Tax and VAT on transport services. In today’s world, transportation is an essential part of our daily lives, whether it be for commuting to work or traveling for leisure. However, many of us may not be aware of the various Taxes and VAT … Read more
“Professional services, such as consulting, engineering, legal advisor, architect, interior designer or accounting, are subject to Tax & Value Added Tax (VAT) in many countries. If you provide professional services, it’s important to understand how VAT & Tax works and how to calculate it accurately on your invoices. In this guide, we’ll walk you through … Read more
Tax charge on Advertisement of newspaper or magazine or private television channel or [private radio station or any web site [or any person on account of advertisement or] purchasing airtime of private television channel or radio station or such web site].
Tax & VAT calculation from contractor bill can be confusing task, if you don’t have proper knowledge of Vat & Tax. Before calculating VAT & Tax from contractor bill you have to find out base amount. Base amount is the higher of the (i) contract value or (ii) Bill or invoice amount or (iii) payment. Let’s see some practical examples;
সরবরাহগ্রহীতাই যদি ”উৎসে কর্তনকারী সত্তা হয়” সরবরাহকারী পন(মূল্য) পরিশোধের সময় বিল থেকে নিধারিত পদ্ধতিতে নির্দিষ্ট হারে মূসক কর্তন করে সরকারি কোষাগারে জমা প্রদান করেন তখন তাহাকে উৎসে মূসক কর্তন বলে।
Taxation of goods and services is a complex and diverse area, with a range of methods and systems in place around the world. In the Bangladesh, taxation of goods and services is based on the Income Tax Act, 2023 & Value Added Tax & Supplementary Duty Act 2012. This means that tax is levied on … Read more
Information technology enabled services are all activities that utilize information technology to improve the efficiency of an organization. IT enabled Services, referred to as internet enabled offerings or far off services or Tele-running, covers the whole gamut of operations which make proper usage of the technology for improving performance of a company.
A tenant shall deduct tax at the rate of five per cent of tax at sources at the time of payment of office rent, house property or hotel accommodation called by whatever name mention as per section 53A(1)
