VAT Audit Directorate Sues Companies for Tax Evasion The VAT Audit, Intelligence and Investigation Directorate has taken legal action against several companies for evading Value Added Tax (VAT). Notably, it sued Ujala Paints for VAT evasion, filed
Bangladesh’s Central Bank Engages Major Auditors to Investigate $17 Billion Losses Bangladesh’s central bank has enlisted the “Big Four” accounting firms—EY, Deloitte, and KPMG—to conduct comprehensive audits of banks that reportedly lost $17 billion due to individuals
S Alam Group Faces Significant VAT Evasion Allegations The National Board of Revenue (NBR) has identified that ten companies within the S Alam Group have allegedly evaded approximately Tk 1,400 crore in value-added tax (VAT) over the
IMF Proposes Uniform 15% VAT Rate for Large Businesses The International Monetary Fund (IMF) has proposed that Bangladesh implement a uniform 15% Value Added Tax (VAT) on all goods and services for businesses with an annual turnover
