Online VAT a printing mistake, says NBR chief
Published : Friday, 8 June, 2018 at 4:20 PM Count : 3837
Claiming the VAT on online marketing a print mistake, National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan on Friday said no VAT will be imposed on online shopping.
He made the comment at a post-budget news conference held at Osmani auditorium in Dhaka.
NBR chief said five percent VAT on online shopping will not be implemented. Social media including Facebook, Google have to pay as per the income, he added.
Prime Minister’s Finance Advisor Mashiur Rahman, Finance Minister Abul Maal Abdul Muhith, Information Minister Hasanul Haq Inu, Agriculture Minister Matia Chowdhury, State Minister of Finance & Planning M A Mannan, Finance Secretary Muslim Chowdhury and Bangladesh Bank Governor Fazle Kabir were present at the conference.
According to Finance Minister AMA Muhith’s budget speech delivered on Thursday, 5 percent VAT was levied on online shopping.
Muhith has also proposed 5 percent VAT on digital ride-sharing service providers such as Uber and Pathao, which promoted criticism from users.
Weather it will put pressure on the middle income class, Muhith angrily said: “Poverty is declining at a faster rate in Bangladesh. People are now capable of paying taxes.”
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