Difference between VAT act, 1991 and VAT & SD Act, 2012
What are the differences between provisions in the old and the new law in respect of… The differences between provisions in the old and the new law in respect of...
VAT Certificate of Honour
What is VAT Certificate of Honour? VAT Certificate of Honour is a letter of recognition issued from the VAT Online System in favor of a taxpayer in VAT Form- 18.5...
What are the advantages of having a BIN?
A businessman’s legal validity of business is established through the BIN. You can avail the following advantages: All import- export activities except baggage import.Registration of land or building in the...
Required Documents List for VAT Registration (e-BIN)
Required Documents List for VAT Registration / Update / Opening e-BIN: Authentic Cell NumberAuthentic e-mail AddressCompany Address:As per Trade LicenseOperationalNumber of employeesTurnover Information:Company last year transactionNext One-year approximate transactionMajor Area...
History of Value Added Tax (VAT) in Bangladesh
Short Description of VAT in Bangladesh Value Added Tax (VAT) is one of the most important sources of tax revenue in Bangladesh, since its introduction on 02 June 1991. Today...
How does the VAT procedure function?
The VAT procedure functions through accepting input tax credit at every level of supply. The taxpayer, in accordance with the law and relevant rules and through maintaining accounts during every...