Online sales face VAT scrutiny
Bangladesh, Sept. 10 -- The National Board of Revenue (NBR) has stepped up its drive against VAT evasion by online businesses, with a preliminary review of documents seized from a retailer in Dhaka revealing around Tk 20-million in evaded revenue.
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The revenue authority said it had recently brought several online-based businesses under investigation as online commerce continues to expand.
Two enforcement teams of the Directorate of VAT Audit, Intelligence and Investigation conducted simultaneous raids on two showrooms of Alpha e Shop on Tuesday and seized documents related to the company's purchases and sales.
The operation followed a field-level survey conducted by the directorate's research team into VAT evasion by busi...
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