VAT on Goods

Factchecker: Bread not subject to VAT

Bread will not attract value added tax (VAT) at the rate of 16 percent from July 1, as has been widely reported. Although the 2021 finance bill includes a proposal to remove the supply of ordinary bread from the list of zero-rated products, its supply remains included in the tax-exempt …

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Know your rights when procuring on Fb – The Citizen

Individuals began shopping for issues from Fb shortly after it opened and Fb now even has a Fb Market the place you should purchase absolutely anything besides animals. Individuals primarily promote second-hand items there, however many corporations have additionally began utilizing this platform to direct you to their web sites. …

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Clothes producers demand 0.25% withholding tax discount

Attire and textiles exporters on Wednesday demanded to set the withholding tax on export earnings at 0.25% for the following 5 years, rising it from the present 0.50% to maintain the sectors aggressive. within the export market. The Bangladesh Garment Producers and Exporters Affiliation, the Bangladesh Knitwear Producers and Exporters …

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When and why do I’ve to register for VAT?

Aaron Gilmore of TreyBridge Accountants. Photograph: VIP Inventive. Van added tax, or VAT, will be each an inconvenience and a bonus. The distinction will depend on whether or not what you are promoting and your prospects are registered for VAT, as the additional 20% can typically be overwhelming when selecting …

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