This booklet mainly provides insights of the new VAT and SD Act 2012 which has come into force from 1 July 2019. The new legislation has brought in several changes in application, payment and compliances of VAT. It also introduces several new concept and modernises the VAT system.

This booklet discusses many of the important provisions of VAT and SD Act 2012 as amended up to the Finance Act 2019 with a view to explaining such VAT provisions in simplified manner.

The information contained in this booklet is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate information at the time of preparation, there can of course be no assurance that such information would continue to be accurate in the future. No one should act on such information without appropriate professional advice, given after an examination of the particular circumstances. This booklet contains selected aspects of Bangladesh tax provisions; it is not intended to be comprehensive.

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