Saturday, 21 May, 2022

Business

Amazon, Google register for VAT with NBR

Business Desk | banglanews24.com
Update: 2021-05-30 20:15:51
Amazon, Google register for VAT with NBR [Photo collected]

Google and Amazon have acquired Business Identification Number (BIN) from the National Board of Revenue last week to run their business in Bangladesh while ensuring value added tax (VAT) compliance.

They will now pay a 15% VAT on revenue earned from the country.

Google and Amazon got VAT registration certificate on May 23 and May 27 respectively. They earlier paid VAT through banks.

The tech giants got the BIN as non-residential companies. PwC Bangladesh, the consultant appointed by both ventures, did the paperwork processing for them and will act as their VAT consultant.

BDST: 2013 HRS, MAY 30, 2021
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