The original supplier of the telecommunication service is the supplier of telecommunication. Telecommunication goods having value paid in advance are the telecommunication goods in which cases their value have been paid in advance by any telecommunication supplier through his agent. Any directly provided supply on construction or engineering activities, building reconstruction or extension work. Tax has to be paid within 15 days of the following month of each Tax Period. In case of import VAT has to be assessed multiplying 15% directly on the VAT imposable value. VAT imposable price has to be determined adding all taxes https://mcw88-bd.com/ with imposable Import Duty (except VAT and advance Income Tax).

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How a non-resident individual shall appoint a VAT agent?

Once you have successfully logged in to your account, you will find the “My account” option. Click on it and in the profile section click on the “Reset password” button. Here you will need to enter your current password and replace it with the new one.

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Is VAT applicable on import?

The DRO (Debt Recovery Officer) is the authorized officer on behalf of the Commissioner, in case of realizing Arrear Tax. The DRO will be an officer at least of the rank of the Deputy Commissioner. The VAT official reserves the right of auditing all aspects of Economic Activities of any individual. The applicant shall be required to furnish all VAT Returns up to the current Tax Period. The refundable amount of money should be over Taka 50,000, after deducting interest, penalty. Turnover Tax payable by any individual for any Tax Period has to be paid before furnishing Return for the said Tax Period.

As VAT is considered to be a consumer tax, the consumer shall pay the whole amount of VAT as applicable on goods or service. As an intermediary procedure, the producer, the supplier, all, at every levels of sale, shall realize VAT on behalf of the Government and deposit to the Government treasury. VAT will be levied at the rate of 15% on all imports and supplies except on goods and services waived under the provisions of the First Schedule of the law. To MCW app login in, use your username and password provided during registration, and in case you forget your credentials, use the password recovery feature available directly in the app. Don’t forget to update the app regularly for the latest features and bonuses for mobile users.