Google to pay Tk 22.9m VAT in BangladeshPosted: August 5, 2021 8:30 pm BdST Updated: August 5, 2021 8:30 pm BdST .For the first time in Bangladesh, Google has deposited Rs 22.9 million in a bank to pay value added tax (VAT).
However, according to Plumira Circer Additional Commissioner, Dhaka South Customs, Excise and VAT Commission, the bank will be closed until all procedures, including filing a VAT return with the NTA, have been completed and will be remitted to the Treasury on Thursday. I couldn’t.
Alphabet Inc. Google is the second non-resident company to pay VAT after social media giant Facebook. In addition to them, Microsoft has registered to pay VAT to do business in Bangladesh without having its own office in Bangladesh.
Google to pay Tk 22.9m VAT These companies are registered under Southern Customs, Excise Tax, and VAT Commission.
.“On Thursday, Bangladesh’s Google representative PricewaterhouseCoopers began filing May and June VAT returns.”
“But it took me a while to complete the required work. When the work was completed, the bank was closed and I couldn’t submit a return today.”
According to Pramila, Google accumulated 5.6 million rupees in May and 17.3 million rupees in June.
“The company paid a fine of Rs 10,000 for not submitting a return in May, but was not fined in June because it applied for an extension,” he said.