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VAT Registration

Value Added Tax (VAT) plays a vital role in our daily life. Now it is very important for Bangladeshi business man and entrepreneurs. Not only Bangladesh all over the world VAT plays essential responsibility for government revenue arena. Now more or less 125 countries are doing exercise VAT in the world. Since commencement of VAT government has been updating this policy. Our government is extremely insensitive in collection of VAT from all applicable sources. The part of the VAT is growing gradually.

Value Added Tax (VAT) is obligatory on services and goods at import arena, retails, wholesale and manufacturing stages. For both services and goods an even VAT rate of 15% is applicable. It is payable at supply stage of services and goods.

So VAT Registration is mandatory for those who are starting production and service business in Bangladesh. To collect VAT Registration Certificate the following papers should be submitted:

  • Application in a prescribed form
  • Trade License
  • Tax Identification Certificate
  • Import Registration Certificate (IRC)
  • Export Registration Certificate (ERC)
  • Layout plan of the factory
  • Memorandum of Articles and Certificate of Incorporation (If Company)
  • Receipt of rent or ownership deed or lease deed of factory/office premises
 

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