The High Court has castigated global tech giants, including Google, Facebook and Yahoo, for not paying income tax to the government of Bangladesh.
In the full text of a verdict, the court observed it was crystal clear from relevant documents that those companies are not paying any tax on the revenues they earn through advertisements and domain sales, although they owe the money to the people of Bangladesh. Therefore, the country is losing a large amount in revenue, it said.
"Google, Facebook, YouTube, Yahoo, Amazon and other internet-based companies not paying income tax is unfortunate," the HC bench of Justice Md Ashraful Kamal and Justice Razik-Al-Jalil said in the 145-page full text released yesterday.
On November 8 last year, the HC bench delivered a short verdict on the issue following a writ petition filed by six Supreme Court lawyers, including Mohammad Humayun Kabir Pallab, Mohammad Kauser and Md Sajjadul Islam, in 2018 seeking necessary directives on the authorities concerned to collect revenues from the companies.
In the full text, the HC said the companies must complete their Value Added Tax (VAT) registration with the National Board of Revenue (NBR), which is mandatory under the Value Added Tax and Supplementary Duty Act, 2012. They are bound to submit income tax returns to the NBR under the Income-Tax Ordinance, 1984.
The court said the tech giants are powerful in terms of their financial strength. "This is the first case over the collection of revenues from...
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