Finance minister proposes 4 percent VAT on online sale, purchase
Staff Correspondent, bdnews24.com
Published: 2015-06-04 19:22:14.0 BdST Updated: 2015-06-04 19:22:14.0 BdST
Finance Minister AMA Muhith has proposed imposing 4 percent value added tax (VAT) on sale and purchase of goods online.
Online sales and services have become popular in Bangladesh, he observed in his budget speech on Thursday.
Though the online trade is not exempt from VAT, it fails to cover it properly in absence of specific provisions.
Muhith proposed imposing 4 percent VAT on all sales and purchases done online.
At present, there are many popular websites selling goods apart from advertisements on Facebook pages.
Many are shipping the goods at the buyers’ addresses without any extra charge.
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