Facebook’s agent in Bangladesh faces lawsuit
The VAT Audit, Intelligence & Investigation Directorate has filed a case against Facebook's agent in Bangladesh "HTTPool Bangladesh Ltd" for violating Value Added Tax and Supplementary Duty act.
VAT Intelligence couldn't find the organisation at the address HTTPool provided during VAT registration, reports Somoy News, quoting Director General of the VAT Intelligence, Investigation & Audit Dr Moinul Khan.
According to VAT law, all registered organisation must inform the VAT authorities before moving their office. HTTPool did not send any notice to NBR.
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VAT Intelligence also found that the organisation didn't file any VAT return since they registered here three months ago. According to the law, it's mandatory for any organisation to file VAT return every month.
As per the findings, the local Facebook agent already collected advertisement worth Tk6.22 crore from 31 organisations across the country.
Tk93.32 lakh worth VAT amount was not added to the government treasury as HTTPool did to not file VAT return on time.
