Regulatory Alerts2009-03-23
Added · Updated
BRPD Circular Letter No. 03: VAT calculation in case of service charge charged at a reduced rate than chargeable fixed rate by the banks
The document mandates that banks calculate Value Added Tax (VAT) on service charges based on the actual reduced rate charged to customers, rather than the standard chargeable fixed rate, in compliance with National Board of Revenue (NBR) instructions. This requirement applies to all scheduled banks in Bangladesh and their branches, with immediate effect. Banks are instructed to ensure compliance across all operations and acknowledge receipt of the circular.
More like this from BB
BB published 33 documents in the last 30 days. We email you each new one the day it's published.
Share