Tag Archives: VAT

Another ITP (Income Tax Practitioner) FAQ.

Hello participant of ITP, we have been given you some tips about ITP question and solution from in our poor knowledge. Today i would like to inform you, our govt. authority has disclose some question and answer in his website. There is a tap "FAQ" it's most important to know about TAX, VAT and Customs. In text of ITP (Income Tax Practitioner) you are getting benefited to take the or read the question. It's may be helpful by passing ITP Exam. So, don't be late Click the below link for getting the opportunity. 
ITP FAQ

Income Tax Practitioner (ITP) Previous Question 2011-2012

Hello viewers,

The ITP examination is most potential subject to fruity own life in Bangladesh of Accounts, VAT & Tax department. If you are thinking that we have no any professional degree of Accounts, VAT & Tax job sectors in Bangladesh than the ITP is most powerful and government approved registered certificate.

Today Bangladesh Government is highly concerns about Tax & VAT collect from service receivers. We are better known about our population, they are not enough capable to submit his/her Tax return, VAT challan, import and export stages SD, CD, RD, VAT, ATV so on to proper authority. So, government needs lot of ITP practitioner in Bangladesh.

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So, don’t worry please be cool just follow the suggestion, the blow link is Previous ITP Question 2011-2012ITP Previous Question 2011-2012

How to Calculate Import stage CD, RD, SD, VAT, AIT & ATV?

AV=> Asses-sable Value.
CD=>Customs Duty.
RD=> Regularity Duty.
SD=> Supplementary Duty.
VAT=> Value Added Tax.
AIT=> Advance Income Tax.
ATV=> Advance Tread VAT.

B/ New Nissan Almera Sedan Car 1500CC Assessable Value after adding insurance & handling charge
Tk.1,239,945.42

Type Tax base Rate % Amount
CD       1,239,945.42 25%      309,986.36
RD       1,239,945.42 4%        49,597.82
SD       1,599,529.59 45%      719,788.32
VAT       2,319,317.91 15%      347,897.69
AIT       1,239,945.42 5%        61,997.27
ATV       2,937,879.99 4%      117,515.20
Total Declaration    1,606,782.65
Tk. Total Declaration 
AV       1,239,945.42
Add. CD @25%          309,986.36             309,986.36
Duty paid Value       1,549,931.78
Add. RD @4% on CD            49,597.82               49,597.82
AV, CD & RD Value       1,599,529.59
Add. SD @45% on AV, CD & RD Value =          719,788.32             719,788.32
Base value on VAT       2,319,317.91
VAT @15%          347,897.69             347,897.69
AIT @5% on AV            61,997.27               61,997.27
ATV @126.67% on Vatable Value muilply @4%          117,515.20             117,515.20
         1,606,782.65