Facebook pays Tk 2.27cr as VAT in July...

Dhaka, Sunday   17 October 2021

Facebook pays Tk 2.27cr as VAT in July

 Science & IT Desk daily-bangladesh.com

 Published: 04:51 PM, 18 August 2021  

Photo: Collected

Photo: Collected

Social media giant Facebook has paid Tk 2.27 crore as value-added tax (VAT) for the month of July.

The popular social media - registered with the Customs, Excise and VAT Commissionerate, Dhaka South - paid the VAT on Tuesday by submitting its return. 

Humayun Kabir, the commissioner of the Customs, Excise and VAT Commissionerate, Dhaka South, said that Facebook has submitted its VAT return for July as a regular taxpayer. 

“Through this, this entity has become more compliant. Now we may conduct audit if it is deemed necessary,” he added. 

He informed that the multinational conglomerate Facebook has been submitting its VAT return after incorporating its overall income and expenditure as well as incorporating data on the overall amount of services it is delivering every month.

Facebook has already received its VAT registration from the National Board of Revenue (NBR) without opening physical offices in the country. 

Apart from Facebook, tech giants Google and Amazon are also paying VAT in Bangladesh as non-resident firms which do not have offices here. 

DailyBangladesh/AN