Bangladesh: First time appointment of VAT agent for non-resident companies in Bangladesh

The new Value Added Tax (VAT) and Supplementary Duty (SD) 2012 was effective from 01 July 2019. According to the section no 19 of the act, VAT agent has to be appointed by the non-resident companies who are doing business (economic activity) in Bangladesh but have no physical office. 

The National Board of Revenue has given public notice for appearing in the written examination from the tax practitioners. After duly verifying the applications of the examinees, the Customs, Excise & VAT Training Academy conducted written examination and viva on 15th October 2019. Finally twenty one candidates have qualified in the first time VAT Agent examination in Bangladesh. 

Bangladesh correspondent firm Pinaki & Company’s partner: Mr. Krishnendu Deb Roy, FCA participated in the examination and accordingly, obtained the VAT Agent Certificate. Now Pinaki & Company is ready to provide indirect tax service to non-resident clients who have no physical presence in Bangladesh. 

However, recently, National Board of Revenue (NBR) has given the opportunity to take for VAT Agent Certificate without examination to Chartered Accountants, Cost and Management Accountants and others VAT advisers subject fulfilling few conditions.

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