Regulatory Alerts2009-02-02
Added · Updated
BRPD Circular Letter No. 02: Price fixation of chargeable VAT in case of value received at reduced rate than the fixed service charges against service provided by banks
All scheduled banks in Bangladesh must ensure compliance with the National Board of Revenue's instruction regarding the price fixation of chargeable VAT when the value received is at a reduced rate compared to fixed service charges. This directive, based on the National Board of Revenue's file dated December 15, 2008, applies to all branches of the banks. The instruction came into force with immediate effect upon the issuance of the circular.
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