BSS
  01 Jul 2021, 20:36
Update : 01 Jul 2021, 21:13

Microsoft receives VAT registration

DHAKA, July 1, 2021 (BSS)  - Microsoft, the introducer of most widely
used operating system Windows, today obtained Value Added Tax (VAT)
registration from the National Board of Revenue (NBR).

Through the registration, the non-resident company will have to submit
monthly VAT returns to the government from now on.

Microsoft is the fourth tech giant after Google, Facebook and Amazon
that got registration from the VAT Commissionerate Dhaka South last
month.

Microsoft Regional Sales Pte Ltd, Singapore registered for Business
Identification Number on behalf of the leading American tech company,
said SM Humayun Kabir, commissioner of VAT Commissionerate Dhaka
South.

"We will now get returns from these tech companies and do auditing
after the companies get registration," he said.

Kabir said the NBR was getting revenues as bank used to deduct VAT
during payments to these companies by clients for taking services such
as giving advertisement digitally.

"Now we will get a clear picture of how much revenue we are getting
from the global technology companies," he said.