ARTICLE
26 March 2018

Bangladesh: DPDT Imposes 15% VAT Over Govt. Fees On All IP Matters

SR
S.S. Rana & Co. Advocates
Contributor
S.S. Rana & Co. is a Full-Service Law Firm with an emphasis on IPR, having its corporate office in New Delhi and branch offices in Mumbai, Bangalore, Chennai, Chandigarh, and Kolkata. The Firm is dedicated to its vision of proactively assisting its Fortune 500 clients worldwide as well as grassroot innovators, with highest quality legal services.
The Department of Patents, Designs and Trademarks, Bangladesh vide an official notification dated March 12, 2018, has imposed 15% VAT under local VAT Rules over Government Fees...
Bangladesh Tax
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The Department of Patents, Designs and Trademarks, Bangladesh (hereinafter referred to as "DPDT, Bangladesh") vide an official notification dated March 12, 2018, has imposed 15% Value Added Tax (hereinafter referred to as "VAT") under local VAT Rules (Rule 18(e) of Value Added Tax Rules, 1991) over Government Fees i.e. official fees, on all Intellectual Property matters in Bangladesh.

DPDT, Bangladesh vide such order has imposed 15% VAT on the total amount of money received from beneficiary for proceedings relating to the registration/renewal of Patents, Designs and Trademarks in Bangladesh. The Official Notification of the DPDT can be accessed over here.

In Bangladesh, protection of industrial property comes under the purview of Ministry of Industries. On behalf of the Ministry of Industries the DPDT administers all the activities relating to industrial property.

For further information please contact at S.S Rana & Co. email: info@ssrana.in or call at (+91- 11 4012 3000). Our website can be accessed at www.ssrana.in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
26 March 2018

Bangladesh: DPDT Imposes 15% VAT Over Govt. Fees On All IP Matters

Bangladesh Tax
Contributor
S.S. Rana & Co. is a Full-Service Law Firm with an emphasis on IPR, having its corporate office in New Delhi and branch offices in Mumbai, Bangalore, Chennai, Chandigarh, and Kolkata. The Firm is dedicated to its vision of proactively assisting its Fortune 500 clients worldwide as well as grassroot innovators, with highest quality legal services.
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