Microsoft pays Tk 3.23cr VAT for the first time

Microsoft Corporation, an American multinational technology corporation, has paid Tk 3,23,76,000 as VAT for the first time as a non-resident company.

After taking its Business Identification Number (BIN) from the Customs, Excise and VAT Commissionerate, Dhaka South in last July, the multinational company deposited the VAT amount to the state coffer in this September against their sold services during the months of July and August.

Commissioner of Customs, Excise and VAT Commissionerate, Dhaka South SM Humayun Kabir on Monday said that Microsoft paid VAT for the first time in the country as a non-resident firm.

He, however, said that Microsoft sought some time for submitting their VAT returns.

Meanwhile, there other global giants — Facebook, Google, and Amazon —started to pay VAT from the current fiscal year and all of these three entities are registered with the Customs, Excise and VAT Commissionerate, Dhaka South.