Microsoft pays VAT in Bangladesh for first time
Published: 08:55 PM, 20 September 2021
Logo of Microsoft; File Photo
Microsoft Corporation, an American multinational technology corporation, has paid Tk 3,23,76,000 as VAT for the first time as a non-resident company.
After taking its Business Identification Number (BIN) from the Customs, Excise and VAT Commissionerate, Dhaka South in last July, the multinational company deposited the VAT amount to the state coffer this September against their sold services during the months of July and August.
SM Humayun Kabir, Commissioner of Customs, Excise and VAT Commissionerate, Dhaka South, told the media on Monday that Microsoft paid VAT for the first time in the country as a non-resident firm.
SM Humayun Kabir also said that Microsoft sought “some time” for submitting their VAT returns.
Meanwhile, there other global giants – Facebook, Google, and Amazon – started to pay VAT from the current fiscal year and all of these three entities are registered with the Customs, Excise, and VAT Commissionerate,