"Tax assessment" means assessment by the taxpayer under Chapter V;
"Taxable import" means any import except exempt imports;
"Taxable supply" means any supply other than exempt supplies, viz.
(A) In Bangladesh;
(B) By any registered or non-registered person; and
(C) Any economic activity is given in the process.
"Taxation" means by relevance.
(A) The VAT rate mentioned in section 15 (3);
(B) The supplementary tariff rates referred to in section 55 (4); Or
(C) The turnover tax rate referred to in section 63 (1);
"Turnover tax" means a tax imposed under section 63;
"bet" means the fair market value of the goods paid or payable in lieu of money paid or paid directly or indirectly as a result of a supply or in the incentive of supply, -
And the meanings of the following subjects shall also be included in it, namely: -
(A) Levy under this Act or any other Act, viz.
(Ii) Payable by the supplier on or because of the supply; or
(Ii) Is included in or added to the value received from the recipient;
(B) Any money referred to as a service charge; Or
(C) The supply of goods under the Hire Purchase or Finance Lease Agreement shall include any amount payable in respect of the lease under the Finance Lease or Hire Purchase;
But it will not include discounts on delivery;
"Supply of goods" means:
(A) transfer of the right to sell, exchange or otherwise sell the goods as the owner, including the sale through a hire purchase agreement; Or
(B) It will also include granting the right to use the product on lease, rent or any other means and supply of goods under finance lease.
"Person" means a natural person, and the following entities shall also be included, namely: -
(A) Any company;
(B) Any individual association;
(C) Any government entity;
(D) Any foreign government or any department or official appointed by it;
(E) Any international or international organization; Or
(F) Joint ventures or similar ventures in property development;
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"Supplementary duty" means the supplementary duty imposed under section 55;
"Supplementary dutiable goods" means any goods mentioned in the Second Schedule;
"Supplementary Duty Services" means any service referred to in Schedule II;
"Supply" means any supply and shall include the following matters, namely: -
(A) Supply of goods;
(B) Supply of immovable property;
(C) Service delivery; Or
(D) The combination of supplies described in clauses (a), (b) and (c);
"Delivery time" means:
(A) In the case of supply of goods, at which the possession of the goods is handed over or removed;
(B) in the case of the provision of services, at which time the services are provided, created, transferred or transferred; Or
(C) In the case of supply of immovable property, at the time the property is transferred, created, transferred or granted;
"Service" means any service, but shall not include goods, immovable property and money;
"supply of services" means a supply which is not a supply of goods, money or immovable property, but without compromising the totality and includes the following matters, namely: -
(A) Grant, assignment, termination, or surrender of any right;
(B) Arranging for any opportunity, benefit or benefit;
(C) an agreement for refraining or compliance with any action, condition or action; And
(D) the issuance, transfer or surrender of licenses, permits, certificates, special privileges, permits or similar rights;
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"Supply of immovable property" shall include the following supplies:
(A) Any rights or interests over land;
(B) Any right or interest in the land, including the right to self-interest,
(C) The issuance of a license to occupy land, including the provision of housing, or any contractual right applicable to the land;
(D) The right to acquire any subject referred to in clauses (a), (b) and (c) or the intention to exercise that right in the future (option);
Imposition of value-added tax
(2) The amount of value-added tax payable shall be calculated and determined by multiplying the VAT rate mentioned in sub-section (3) with the taxable import or taxable supply price.
(3) Unless otherwise provided in this Act, the VAT rate on taxable supplies or taxable imports shall be 15 (fifteen) percent.
Person responsible for payment of value-added tax. ― VAT shall be paid to the following persons, namely: -
(A) in case of imports subject to value-added tax: importer;
(B) in the case of provision of taxable supplies in Bangladesh: suppliers;
(C) in the case of taxable supply of imported services: the recipient of the supply;
(D) In case of sale of goods by the auctioneer in the manner prescribed by the registered person: Auctioneer.
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Supplies made in Bangladesh. (1) For the purpose of section 15, the following supplies shall be deemed to have been made in Bangladesh: -
(A) Provided by the resident;
(B) Supplies provided by a non-resident person from or through a particular place in Bangladesh to conduct economic activities;
(C) Supplies provided by non-residents other than those referred to in subsection (b), if the supply:
(I) immovable property is supplied and the location of the immovable property is in Bangladesh;
(Ii) The goods are supplied and they are handed over, delivered, set up or assembled in Bangladesh;
(E) If the supply is any of the following and VAT is paid to the unregistered person: -
(A) The service provider physically provides services in Bangladesh by staying in Bangladesh while providing services;
(B) The provision of services directly related to the land located in Bangladesh;
(C) Broadcast services received from radio and television at any address in Bangladesh;
(D) The provision of electronic services to any person located in Bangladesh during delivery;
(E) Telecommunication services which are initiated by any person residing in Bangladesh except a telecommunication provider or a global roaming person temporarily residing in Bangladesh.
(2) For the purpose of sub-clause (a) of clause (c) of sub-section (1), if the goods imported by a non-resident person are supplied before redemption for internal consumption, such supply shall be deemed to have been made outside Bangladesh.
(3) The person who provides telecommunication services for the purpose of sub-clause (e) of sub-clause (e) of clause (c) of sub-section (1) is the person who:
(A) Who is identified by the service provider as follows?
(I) as a supply start controller;
(Ii) As a service provider;
(E) As a contract for supply;
(B) If more than one person fulfills the conditions of clause (a), then he who appears more often in the list of clauses; and
(C) the type or type of service or the actual location of the listed persons cannot be ascertained by the supplier for any reason, in which case such service or all types of telecommunication services provided to the customer of such class, the actual or actual resident of the customer receiving the invoice Delivery shall be deemed to have been made at the place where the commercial address is located.
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