In Bangladesh, Value Added Tax(VAT) was introduced in:

A 1st July, 1991
B 1st July,1993
C 1st July,1995
D 1st July,1996

Correct Answer: 1st July, 1991

The VAT was introduced in Bangladesh on 1 July 1991. The new law on VAT will come into force with effect from 1July 2017. The standard rate of VAT in Bangladesh is 15%. On export, its 0%.
Bissoy MCQ

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