Representational photo BigstockThe National Board of Revenue (NBR) issues an SRO in this regardThe government has reduced the rate of Value Added Tax (VAT) on International Terrestrial Cable (ITC), International Internet Gateway (IIG) and Nationwide Telecommunication Transmission Network (NTTN) to 5%. The National Board of Revenue (NBR) has issued an SRO in this regard. Earlier, the government fixed VAT on internet services at 5% while the rate was 15% on internet-related value chain services provided by ITC, IIG and NTTN.

Source: Dhaka Tribune August 27, 2020 14:48 UTC