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Bangladesh Parliament Passes Finance Bill 2024 with Increased VAT on Various Goods and Services

  • Bangladesh parliament passed Finance Bill 2024 on June 30, 2024
  • Definition of “VAT withholding entity” includes those with yearly turnover exceeding BDT 100 million
  • VAT increased on over 13 goods and services, including LED bulbs, juices, security services, refrigerators, and air conditioners from 5% to 15%

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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