The Bangladeshi National Board of Revenue Nov. 5 issued General Order No. 1/Musak/2024, on the VAT exemption for imports of specified goods. The order includes measures: 1) exempting VAT on imports of capital equipment from one warehouse licensee to another warehouse licensee; and 2) clarifying the conditions for taxpayers to claim the VAT exemption at the local trader level. The order takes effect the same date. [Bangladesh, National Board of Revenue, 11/05/24]
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