VAT on ITC, IIG, NTTC reduced to 5pc...

Dhaka, Friday   23 October 2020

VAT on ITC, IIG, NTTC reduced to 5pc

 Economy Desk

 Published: 10:45 PM, 27 August 2020  

File Photo

File Photo

The government has reduced the rate of Value Added Tax (VAT) on International Terrestrial Cable (ITC), International Internet Gateway (IIG) and Nationwide Telecommunication Transmission Network (NTTN) to 5 percent.

The National Board of Revenue (NBR) has issued an SRO in this regard.

Earlier, the government fixed VAT on internet services at 5 percent while the rate was 15 percent on internet-related value chain services provided by ITC, IIG and NTTN. 

Source: UNB