E-commerce will be able to sit in virtual business

Businesses are increasingly using various types of business. The government wants to impose such business tax. Finance Minister AMA Muhith has proposed a virtual business tax proposal in this year's budget session.

The Finance Minister said, the use of current internet or social media has increased the buying and selling of goods or services. To increase the range of this product or service, the definition of another service called Virtual Business has been created. As a result, it will be possible to include this service for the purchase or sale of any online product or service. He proposed to impose VAT on 5 percent VAT on virtual business services.

The definition of virtual business will be e-commerce. Therefore e-commerce traders express concern over the proposal to impose taxes in this sector