According to the national budget, Bangladesh will roll-out its VAT regime from 1 July 2019. The proposed VAT rate will be 15%, with three reduced rates of 10%, 7.5%, and 5%. The VAT registration threshold will be increased to BDT 30 million from BDT 8 million. The VAT system exempts services related to agriculture, cultural and financial services. Small and marginal traders with an annual turnover of BDT 5 million will be exempt from VAT.
The EU Refund Directive VAT deadline is around the corner and this article deals with what you need to know about 2020’s EU VAT deadline in particular.