The authorities have not been collecting any tax from the Bangladeshi advertisers of the virtual world until now. The court on Apr 12 last year ordered the authorities to tax the transactions on Bangladeshi advertisements posted on Google, Facebook, YouTube and other similar websites. In a letter to the Bangladesh Bank on Jan 22, the National Board of Revenue or NBR asked the central bank to take steps to ensure that the banks will collect tax from the Bangladeshi advertisers. The central bank on Monday ordered all the banks to follow the NBR directives mentioned in the letter. Related people have long been alleging that the money paid by the Bangladeshi advertisers is going out illegally, causing huge amount of revenue loss as the government was not taxing the advertisers.

Source: bd News24 March 04, 2019 18:45 UTC