Bangladesh: VAT implementation from 1 July 2019

24 June 2019
Vat News Bangladesh

According to the national budget, Bangladesh will roll-out its VAT regime from 1 July 2019. The proposed VAT rate will be 15%, with three reduced rates of 10%, 7.5%, and 5%. The VAT registration threshold will be increased to BDT 30 million from BDT 8 million. The VAT system exempts services related to agriculture, cultural and financial services. Small and marginal traders with an annual turnover of BDT 5 million will be exempt from VAT.

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