𝚅𝚊𝚕𝚞𝚎 𝙰𝚍𝚍𝚎𝚍 𝚃𝚊𝚡 (𝚅𝙰𝚃)

The Value Added Tax (VAT) system in Bangladesh is a consumption tax levied on the value added to goods and services at each stage of production or distribution. VAT is administered under Value Added Tax and supplementary Duty Act, 2012 by the National Board of Revenue (NBR) in Bangladesh.

VAT rates can vary depending on the type of goods or services being provided. Some goods and services may be exempted from VAT, while others may be subject to different VAT rates, including zero rate and reduced rates.

The VAT system in Bangladesh underwent significant reforms in recent years, including the introduction of a new VAT law aimed at simplifying the VAT system and improving compliance. However, like any tax system, navigating VAT regulations can still be complex for businesses, and seeking guidance from tax professionals or the NBR can be beneficial.