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The Cabinet on Monday gave final approval, subject to vetting by the Legislative and Parliamentary Affairs Division, to a draft ordinance seeking to restore the requirement for taxpayers to submit VAT returns within 15 days after the end of each tax period.
The approval was given to the draft Value Added Tax and Supplementary Duty (Amendment) Ordinance, 2026, at a Cabinet meeting chaired by Prime Minister Tarique Rahman at the Bangladesh Secretariat.
The proposed amendment to Section 64 of the Value Added Tax and Supplementary Duty Act, 2012, aims to accelerate revenue collection at the field level.
Under the proposed provision, VAT returns will have to be filed within 15 days of the end of each tax period, replacing the current provision that allows submission within 15 days after the end of every three tax periods.
If the 15th day falls on a public holiday, the return may be submitted on the next working day.
The amendment also proposes a longer filing period for certain taxpayers. Government and semi-government offices, autonomous bodies, banks, insurance companies, and taxpayers submitting zero returns will be allowed to file their returns within 20 days of the end of each tax period.
The Internal Resources Division placed the draft ordinance before the Cabinet for in-principle and final approval.
