Thursday 28th of March 2024
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Headlines : * Rain with temporary gusty wind likely over Country   * 3 die as bus hits auto-rickshaw in M`sing   * 15 ferries, 20 launches to ply on Daulatdia-Paturia route during Eid   * Six houses gutted in Rangamati fire   * Baltimore divers recover 2 bodies from harbor after bridge collapse   * Bangladeshi youth shot dead by police in US   * Govt to import 50,000 metric tons of onion from India   * Bangabandhu`s independence proclamation history was distorted after 1975: PM   * Dhaka Metro Rail operations to continue past 9 pm from Wednesday   * Jatri Kalyan Samity demands to extend Eid vacation by 2 days  

   Technology
Microsoft receives VAT registration
  Date : 28-03-2024

News Desk : 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.

Source: BSS



  
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