Regulatory Alerts2019-03-04
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BRPD Circular Letter No. 04: Regarding Value Added Tax (VAT) Realization/Collection
The document instructs all scheduled banks operating in Bangladesh to strictly follow the directives issued by the National Board of Revenue in its letter dated January 22, 2019, concerning the collection of Value Added Tax (VAT) from service recipients for services provided outside the geographical boundaries of Bangladesh. These instructions are to be implemented immediately.
Department: Banking Regulation and Policy Department Bangladesh Bank Head Office Dhaka. Falgun 19, 1425 BRPD Circular Letter No. 04 Date: ----------------- March 03, 2019 Managing Director/Chief Executive All Scheduled Banks Operating in Bangladesh Dear Sir, With reference to the letter No.-08.01.0000.068. 09.003.12/32 (Copy Attached) dated January 22, 2019, of the National Board Revenue on the matter of ensuring collection of VAT from the service recipient for services provided outside the geographical boundaries of Bangladesh, we advise you to follow the instructions mentioned in the said letter duly. These instructions will be implemented immediately. Yours faithfully,
(A.K.M. Amzad Hossain) General Manager Phone: 9530252
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