On January 9, 2025, the interim government of Bangladesh issued an ordinance to amend the Value Added Tax and Supplementary Duty Act of 2012. This ordinance introduces significant changes to the VAT registration and enlistment requirements and increases VAT and supplementary duty rates on various goods and services.
Amid ongoing high inflation and an economic slowdown, these increases in VAT and supplementary duty have faced backlash from various stakeholders. In response, on January 22, the government issued multiple notifications to revoke or reduce the applicable rates for certain services.
Please refer to the link below to see related discussion.
DFDL Bangladesh Tax Update: Updates on Amendments to the VAT Law
