VAT & SD Act 2012
(Authentic English Text of the Original Bangla Text)
(as updated till Finance Ordinance 2025)
An Act to expand the areas of imposing value added tax, supplementary duty and turnover tax and to consolidate and the provisions relating to simplification of collection procedures of tax and to make other provisions ancillary thereto.
WHEREAS it is expedient and necessary to expand the areas of imposing value added tax, supplementary duty and turnover tax and to consolidate and the provisions relating to simplification of collection procedures of tax and to make other provisions ancillary thereto;
It is hereby enacted as follows:-
Table of Contents
| Chapter | Part | Section | Title of the section |
|---|---|---|---|
| ONE – PRELIMINARY | 1 | Short title and commencement | |
| ONE – PRELIMINARY | 2 | Definitions | |
| ONE – PRELIMINARY | 3 | Overriding effect of the Act | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 4 | Persons eligible to be VAT registered | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 5 | Registration | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 6 | Procedure of VAT registration | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 7 | Publication and preservation of list of registered persons | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 8 | Voluntary VAT registration | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 9 | Cancellation of VAT registration | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 10 | Persons eligible for enlistment and enlisting | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 11 | Cancellation of enlistment | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 12 | Registration or enlistment [* * *] of persons eligible for registration for enlistment on his own initiative | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 13 | Responsibility of a registered or enlisted person to display certificate | |
| TWO – VAT REGISTRATION AND TURNOVER TAX ENLISHMENT | 14 | Responsibility of a registered or enlisted person to notify the changed information | |
| THREE – IMPOSITION OF VAT | 15 | Imposition of VAT | |
| THREE – IMPOSITION OF VAT | 16 | Persons liable to pay value added tax | |
| THREE – IMPOSITION OF VAT | 17 | Supply made in Bangladesh | |
| THREE – IMPOSITION OF VAT | 18 | Registered Supplier and recipient of supply | |
| THREE – IMPOSITION OF VAT | 19 | VAT Agent of non-residents person | |
| THREE – IMPOSITION OF VAT | 20 | Reverse charged tax collection from the recipient for imported services | |
| THREE – IMPOSITION OF VAT | 21 | Zero-rated supply | |
| THREE – IMPOSITION OF VAT | 22 | Land located outside Bangladesh | |
| THREE – IMPOSITION OF VAT | 23 | Supply of goods for export | |
| THREE – IMPOSITION OF VAT | 24 | Supply of zero-rated service | |
| THREE – IMPOSITION OF VAT | 25 | Travel Agent and tour operator | |
| THREE – IMPOSITION OF VAT | 26 | Exempted supply or exempted import | |
| FOUR – MANNER OF VAT COLLECTION | Part A – On imports | 27 | Method of VAT collection on taxable import |
| FOUR – MANNER OF VAT COLLECTION | Part A – On imports | 28 | Determination of VAT imposable base value of taxable import |
| FOUR – MANNER OF VAT COLLECTION | Part A – On imports | 29 | Determination of value of re-imported goods |
| FOUR – MANNER OF VAT COLLECTION | Part A – On imports | 30 | Import for export |
| FOUR – MANNER OF VAT COLLECTION | Part A – On imports | 31 | Payment of advance tax during import and adjustment |
| FOUR – MANNER OF VAT COLLECTION | Part B – On General Supplies | 32 | Determination of value of taxable supply |
| FOUR – MANNER OF VAT COLLECTION | Part B – On General Supplies | 32A | Explanation by the Board |
| FOUR – MANNER OF VAT COLLECTION | Part B – On General Supplies | 33 | Time of payment of VAT on taxable supply |
| FOUR – MANNER OF VAT COLLECTION | Part B – On General Supplies | 34 | Progressive or periodic supply |
| FOUR – MANNER OF VAT COLLECTION | Part B – On General Supplies | 35 | Supply of multiple types of goods and services in a single invoice |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 36 | Sale of an establishment as a going concern |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 37 | Rights, options and vouchers |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 38 | Supply of prepaid telecommunications products or services |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 39 | Lottery, lucky draw, housie, raffle draw and similar undertakings |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 40 | Value of in-kind benefits instead of cash money given to an employee or officer |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 41 | Lay-by sales |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 42 | Cancelled transactions |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 43 | Sale of property to pay off a debt |
| FOUR – MANNER OF VAT COLLECTION | Part C – On Special Supplies | 44 | Vending machine |
| FIVE – ASSESSMENT OF NET PAYABLE TAX BY THE TAXPAYER AND PAYMENT THEREOF | 45 | Method of assessing net tax payable on supply and payment thereof | |
| FIVE – ASSESSMENT OF NET PAYABLE TAX BY THE TAXPAYER AND PAYMENT THEREOF | 46 | Input tax credit | |
| FIVE – ASSESSMENT OF NET PAYABLE TAX BY THE TAXPAYER AND PAYMENT THEREOF | 47 | Partial input tax credit | |
| FIVE – ASSESSMENT OF NET PAYABLE TAX BY THE TAXPAYER AND PAYMENT THEREOF | 48 | Adjustments | |
| FIVE – ASSESSMENT OF NET PAYABLE TAX BY THE TAXPAYER AND PAYMENT THEREOF | 49 | Tax withheld at source and increasing adjustment by withholding entity | |
| FIVE – ASSESSMENT OF NET PAYABLE TAX BY THE TAXPAYER AND PAYMENT THEREOF | 50 | Decreasing adjustment by the supplier after tax withheld at source | |
| SIX – TAX INVOICES AND OTHER DOCUMENT | 51 | Tax invoice | |
| SIX – TAX INVOICES AND OTHER DOCUMENT | 52 | Credit note and debit note | |
| SIX – TAX INVOICES AND OTHER DOCUMENT | 53 | Tax withholding certificate | |
| SIX – TAX INVOICES AND OTHER DOCUMENT | 54 | Other provisions relating to tax documents | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 55 | Imposition of supplementary duty | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 56 | Persons liable to pay supplementary duty | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 57 | Supplementary duty imposable value | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 58 | Special schemes for tobacco and alcoholic goods | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 59 | Collection of supplementary duty on import | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 60 | Collection of supplementary duty on supply | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 61 | Presumed supply of goods subject to supplementary duty | |
| SEVEN – IMPOSITION AND COLLECTION OF SUPPLEMENTARY DUTY | 62 | Decreasing adjustment for supplementary duty | |
| EIGHT – IMPOSITION AND COLLECTION OF TURNOVER TAX | 63 | Imposition and collection of turnover tax | |
| EIGHT – FILING OF RETURN AND AMMENDMENTS THERETO | 64 | Submission of return | |
| NINE – FILING OF RETURN AND AMMENDMENTS THERETO | 65 | Late submission of return | |
| NINE – FILING OF RETURN AND AMMENDMENTS THERETO | 66 | Amendment to return | |
| NINE – FILING OF RETURN AND AMMENDMENTS THERETO | 67 | Submission of complete, additional, or alternative returns | |
| TEN – CARRY FORWARD OF NEGATIVE NET AMOUNT AND REFUNDS | 68 | Carry forward and refund of negative net amount | |
| TEN – CARRY FORWARD OF NEGATIVE NET AMOUNT AND REFUNDS | 69 | Refund without carrying forward of negative net amount of money | |
| TEN – CARRY FORWARD OF NEGATIVE NET AMOUNT AND REFUNDS | 70 | Application of the refunded money | |
| TEN – CARRY FORWARD OF NEGATIVE NET AMOUNT AND REFUNDS | 71 | Refund of taxes paid by diplomatic and other international organizations | |
| TEN – CARRY FORWARD OF NEGATIVE NET AMOUNT AND REFUNDS | 72 | Refund or adjustment of taxes paid in excess | |
| ELEVEN – [***] TAX DETERMINATION | 73 | Tax determination | |
| ELEVEN – [***] TAX DETERMINATION | 74 | False declaration by recipient of supply | |
| ELEVEN – [***] TAX DETERMINATION | 75 | False statement by supplier | |
| ELEVEN – [***] TAX DETERMINATION | 76 | Grant of tax benefit or negation | |
| ELEVEN – [***] TAX DETERMINATION | 77 | Admissibility of tax determination notice | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 78 | Value Added Tax Authority and officers thereof | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 79 | Duties and responsibilities of the VAT Authority | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 80 | Power of the Board to amend or alter an order or decision of VAT officer | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 81 | Delegation of Power | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 82 | Assistance to VAT officers | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 83 | Power to enter and search by VAT officers | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 84 | Seizure of goods and disposal thereof | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 85 | Imposition of penalty [for non-compliance, irregularity or evasion of tax] | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 86 | Monetary limits of VAT officers in initiating proceedings for adjudication | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 87 | Power to summon | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 88 | Powers and functions of Customs Officers | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 89 | Confidentiality | |
| TWELEVE – VALUE ADDED TAX AUTHORITY | 89A | Application of other laws in the matter of Value Added Tax Act | |
| THIRTEEN – AUDIT AND INVESTIGATION | 90 | Audit and investigation of taxpayer’s economic activities | |
| THIRTEEN – AUDIT AND INVESTIGATION | 90A | Submission of annual audited financial statements | |
| THIRTEEN – AUDIT AND INVESTIGATION | 91 | Powers of the VAT officers | |
| THIRTEEN – AUDIT AND INVESTIGATION | 92 | Supervised supply, observation and surveillance | |
| THIRTEEN – AUDIT AND INVESTIGATION | 93 | Multiple departmental audits | |
| THIRTEEN – AUDIT AND INVESTIGATION | 94 | Special audit | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 95 | Recovery of arrear tax | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 96 | Power of VAT officer under the Code of Civil Procedure | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 97 | Change in jurisdiction for recovery of arrear tax | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 98 | Disposal of money or security recovered | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 99 | Government lien on the immovable property of the defaulting taxpayer and attachment thereof | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 100 | Seizure of goods, sale of such goods and disposal of the sale proceeds thereof | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 101 | Liabilities and obligations of the representative | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 102 | Responsibilities of receivers | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 103 | Liabilities of company or association of persons or director of joint venture for property development or entrepreneur | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 104 | Continuity of partnerships or unincorporated associations | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 105 | Declaration of death or insolvency of a taxpayer | |
| FOURTEEN – RECOVERY OF ARREAR TAX | 106 | Payment of arrear tax by installments | |
| FIFTEEN – MAINTENANCE OF FORMS, NOTICES, AND RECORDS | 107 | Keeping records and accounts | |
| FIFTEEN – MAINTENANCE OF FORMS, NOTICES, AND RECORDS | 108 | Authentication of forms, notices and documents | |
| FIFTEEN – MAINTENANCE OF FORMS, NOTICES, AND RECORDS | 109 | Service of notices | |
| FIFTEEN – MAINTENANCE OF FORMS, NOTICES, AND RECORDS | 110 | Authenticity of documents | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 111 | Offences relating to VAT registration certificate or turnover tax certificate and tax invoice, and punishment thereof | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 112 | Offence and punishment relating to false or misleading statement or description | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 113 | Offence and punishment for obstructions | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 114 | Investigation, trial and appeal of the offence | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 115 | Additional Power of the Judicial Magistrate or the Metropolitan Magistrate | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 116 | Offence committed by any company, association of persons or property development joint venture | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 117 | Abettor of offence | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 118 | Prior approval before filing a case | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 119 | Compounding of offence | |
| SIXTEEN – OFFENCE, TRIAL AND PUNISHMENT | 120 | Fine additional to the tax payable | |
| SEVENTEEN – APPEALS AND REVISIONS | 121 | Appeal to Commissioner (Appeal) | |
| SEVENTEEN – APPEALS AND REVISIONS | 122 | Appeal to Appellate Tribunal | |
| SEVENTEEN – APPEALS AND REVISIONS | 123 | Burden of proof in a proceeding | |
| SEVENTEEN – APPEALS AND REVISIONS | 124 | Appeal to the High Court Division | |
| SEVENTEEN – APPEALS AND REVISIONS | 125 | Alternative dispute resolution | |
| EIGHTEEN – MISCELLANEOUS | 126 | Exemption | |
| EIGHTEEN – MISCELLANEOUS | 126A | Granting reward and efficiency incentive | |
| EIGHTEEN – MISCELLANEOUS | 127 | Imposition of interest on payable tax | |
| EIGHTEEN – MISCELLANEOUS | 127A | Power to write off government dues | |
| EIGHTEEN – MISCELLANEOUS | 127B | Determination of time and method of tax payment in case of certain goods or services | |
| EIGHTEEN – MISCELLANEOUS | 128 | Performance of functions online, filing of return and payment of tax, etc | |
| EIGHTEEN – MISCELLANEOUS | 129 | Bar to the lodgement of suits in the Court | |
| EIGHTEEN – MISCELLANEOUS | 129A | Protection of activities done in good faith | |
| EIGHTEEN – MISCELLANEOUS | 130 | Appointment of VAT Consultant | |
| EIGHTEEN – MISCELLANEOUS | 131 | Correction of clerical mistakes, etc | |
| EIGHTEEN – MISCELLANEOUS | 132 | Certified copy of documents | |
| EIGHTEEN – MISCELLANEOUS | 133 | Issuance of VAT clearance certificate | |
| EIGHTEEN – MISCELLANEOUS | 134 | Acts to be performed through a private organization | |
| EIGHTEEN – MISCELLANEOUS | 135 | Power to make rules | |
| EIGHTEEN – MISCELLANEOUS | 135A | Determination of uniform and allowance thereof of the VAT Officials and employees | |
| EIGHTEEN – MISCELLANEOUS | 136 | Publication of translated English text | |
| EIGHTEEN – MISCELLANEOUS | 137 | Repeal and savings | |
| EIGHTEEN – MISCELLANEOUS | 138 | Tax accounting during transition | |
| EIGHTEEN – MISCELLANEOUS | 139 | Agreements entered into after the commencement of this Act |
VAT Act 2012 English – Reference/ Source:
- Gazette Notification (Bangla Version);
- Gazette Notification (English Version);
- VAT & SD Act 2012 (Bangla Version);
- ভ্যাট তফসিলসমূহ (Bangla Version);
- VAT Schedules (English Version);
- National Board of Revenue (NBR);
- Finance Act – অর্থ আইন;
- SRO No. 440-Law/2025/326-Mushak, dated 05 November 2025;
Disclaimer: This is the authentic English text of The Value Added Tax and Supplementary Duty Act 2012, as published under SRO No. 440-Law/2025/326-Mushak dated 05 November 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.