| 增值税简介 |
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| 2007-05-20 20:04 文章来源：www.nbr-bd.org |
| 文章类型：转载 内容分类：其它 |
Main Features of VAT
(i) VAT is imposed on goods and services at import stage, manufacturing, wholesale and retails levels;
(ii) A uniform VAT rate of 15 percent is applicable for both goods and services;
(iii) 15 percent VAT is applicable for all business or industrial units with an annual turnover of Taka 2 million and above;
(iv) Turnover tax at the rate of 4 percent is leviable where annual turnover is less than Taka 2 million;
(v) VAT is applicable to all domestic products and services with some exemptions;
(vi) VAT is payable at the time of supply of goods and services;
(vii) Tax paid on inputs is creditable/adjustable against output tax;
(viii) Export is exempt;
(ix) Cottage industries (defined as a unit with an annual turnover of less than Taka 2 million and with a capital machinery valued up to Taka 3,00,000) are exempt from VAT;
(x) Tax returns are to be submitted on monthly or quarterly or half yearly basis as notified by the Government.
(xi) Supplementary Duty (SD) is imposed at local and import stage under the VAT Act, 1991. Existing statutory SD rates are as follows:
(a) On goods: 20%, 35%, 65%, 100%, 250% & 350%
(b) On services: 10%, 15% & 35%. |
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