VAT Deduction at Source (VDS)/উৎসে কর (ভ্যাট) কর্তন কি? VAT Withholding Authority কারা? Part-1

Ever wondered about VAT Deduction at Source (VDS) and who the Withholding Authority is? 🤔 Let's dive in!

📌 What's VDS?
VDS, or VAT Deduction at Source, is a process where a percentage of VAT is deducted from payments made to suppliers during certain transactions. This helps ensure VAT collection, particularly from non-VAT registered suppliers.

📌 Meet the Withholding Authority
The Withholding Authority is the government agency responsible for overseeing VDS. They set the rules and rates, monitor compliance, and collect the withheld VAT. In Bangladesh, it's the National Board of Revenue (NBR).

💡 Why Does It Matter?
Understanding VDS is crucial for businesses and individuals to follow tax regulations. It promotes fair taxation and contributes to the nation's development.

Got questions? Feel free to ask in the comments. We're here to help you navigate the world of taxes! 🇧🇩💰

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