• Monday, Oct 25, 2021
  • Last Update : 02:06 am

Google, Facebook, Amazon submit 4.6C VAT in August

  • Published at 07:49 pm September 16th, 2021
vat

Facebook Ireland Ltd paid Tk2.55 crore, Facebook Payments International Tk25,709, and Facebook Technologies Ireland Ltd paid Tk16,065 VAT

The non-resident business entities Google, Facebook and Amazon have submitted Tk4.6 crore worth value-added tax (VAT) returns to the Dhaka South VAT Commissionerate in August. 

NBR Spokesperson Syed A Momen confirmed to Dhaka Tribune, that Google Asia Pacific Pte Ltd paid Tk1.7 crore while Amazon Web Services Inc paid Tk34.7 lakh. 

Meanwhile, Facebook Ireland Ltd paid Tk2.55 crore, Facebook Payments International Tk25,709, and Facebook Technologies Ireland Ltd paid Tk16,065 VAT. 

The Bangladesh Bank previously asked banks to submit the VAT statements of the non-resident business entities.

Earlier on May 27, Amazon obtained a business identification number (BIN) from the National Board of Revenue (NBR), allowing it to submit returns on the total turnover at the end of each year through a local consultant or online from their country. 

It paid Tk53 lakh worth VAT in the second week of August.

Social networking giant Facebook was the first foreign company to pay VAT in Bangladesh on July 29. It paid Tk2.44 crore in VAT a month after its registration with the NBR. 

Popular search engine Google, on August 5, was the second big tech to pay Tk2.3 crore in VAT to the NBR after Facebook. It registered for VAT on May 23.

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