wordpress blog stats
Connect with us

Hi, what are you looking for?

Facebook, Google, YouTube ‘reluctant’ to come under Bangladesh’s tax network: Report

Bangladesh

Digital platforms including Facebook, Google and YouTube “are reluctant” to come under Bangladesh’s tax network, The Daily Star reported. Bangladesh’s new VAT (value added tax) laws – which came into effect on July 1, 2019 – require these companies to either set up offices in Bangladesh or appoint agents so that the Bangladeshi administration can collect VAT on the advertisements made on their platforms by local companies.

What the government stands to earn: In June 2019, the National Board of Revenue (NBR) had directed social media and foreign satellite television channels, with no offices in the country, to pay 15% VAT through a VAT agent from FY2019-20, or set up an office in Bangladesh. The NBR is preparing a policy note to get VAT from foreign tech companies operating in Bangladesh, per the report.

Telecom Minister to meet Facebook today: Bangladesh’s Telecom Minister Mustafa Jabbar is scheduled to meet Facebook representatives, led by its public policy manager Varun Reddy, today. Setting up a local office in Dhaka and getting a VAT registration from the NBR are reportedly high on the agenda.

Repeated notices to tech companies have gone unanswered: The Bangladesh Telecommunication Regulatory Commission (BTRC) had asked the three companies to open offices in Bangladesh in February 2019 and release a report on the revenue they generated from Bangladesh, the report said before adding, that the BTRC received no response.

Thailand is planning to tax digital companies: Thailand is also mulling implementing a value-added-tax (VAT) on electronic businesses next year, with an aim to tap the boom of e-commerce in the country.

Advertisement. Scroll to continue reading.

Indonesia had similar plans, but backtracked: Indonesia had announced a similar VAT on e-commerce companies operating in the country in January this year. However, in May 2019, the government retracted from the tax regulation and revoked it, as it faced pushback from digital companies.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ