The Resource The VAT and Supplementary Duty Act 2012 of Bangladesh - an improvement on the existing system

The VAT and Supplementary Duty Act 2012 of Bangladesh - an improvement on the existing system

Label
The VAT and Supplementary Duty Act 2012 of Bangladesh - an improvement on the existing system
Title
The VAT and Supplementary Duty Act 2012 of Bangladesh - an improvement on the existing system
Creator
Subject
Language
eng
Summary
In Bangladesh, the entry into effect of the VAT and Supplementary Duty Act 2012, scheduled to be implemented as of 1 July 2017, has been postponed again amid many concerns and objections from the business community, as well as from members of the public. While taxable persons vehemently oppose the new Act, the tax authority claims it is superior to the existing VAT Act. On the basis of the analysis of the main weaknesses of the current system and of the main features of the proposed system, in this article, the author argues that the proposed Act not only yields higher revenue than the existing Act, but also reduces the incentive for tax evasion
Citation source
In: International VAT monitor. - Amsterdam. - Vol. 29 (2018), no. 6 ; p. 233-237
http://library.link/vocab/creatorName
Mamun, I
Geographic coverage
Asia
Language note
English
http://library.link/vocab/subjectName
  • VAT
  • VAT Act
  • tax evasion
Label
The VAT and Supplementary Duty Act 2012 of Bangladesh - an improvement on the existing system
Instantiates
Publication
Label
The VAT and Supplementary Duty Act 2012 of Bangladesh - an improvement on the existing system
Publication

Library Locations

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      52.3736660 4.9336932
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