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Bangladesh reverses plan to impose VAT on online shopping


OurtimeBD.com
09.06.2018

Rahat Chowdhury: The government has backtracked from their initial plan to impose 5% VAT on online shopping.
According to the National Board of Revenue, the VAT on online shopping as announced in the new budget was a “printing error”.
“It was printed mistakenly. We dropped the decision,” said Md Mosharraf Hossain Bhuiyan, chairman of the NBR, at a post-budget news conference in Dhaka yesterday. Finance Minister AMA Muhith in his budget speech on Thursday announced a 5% VAT on online shopping. Muhith also proposed 5% VAT on digital ride-sharing service providers like Uber and Pathao – a move which has received harsh criticism from users.


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