August 29, 2019 10:25 PM

printer

Bangladeshi govt to insist on Facebook office in Dhaka

Bangladesh will insist upon Facebook to get registered for VAT payment and open an office in Dhaka. <br />'' <br />'' This was stated by the Telecom Minister of Bangladesh Mustafa Jabbar yesterday after a meeting of the Cyber Threat Detection and Response project of the Department of Telecom. <br />'' <br />'' He said that Bangladesh is now an important market for Facebook as three crore people in Bangladesh use it which gives the company a huge amount in advertising revenue.<br />'' <br />'' In the last budget, the Government of Bangladesh had introduced provisions that required the social media giants Google, Facebook and YouTube to pay 15 per cent VAT on advertisement revenue. <br />'' <br />'' The National Board of Revenue has asked these companies to appoint their VAT agent to facilitate the process but the companies have not complied with the instructions. <br />''  

Most Read
View All arrow-right

No posts found.