Abstract
In Bangladesh, the entry into effect of the VAT and Supplementary Duty Act 2012, scheduled to be implemented as of 1 July 2017, has been postponed again amid many concerns and objections from the business community, as well as from members of the public. While taxable persons vehemently oppose the new Act, the tax authority claims it is superior to the existing VAT Act. On the basis of the analysis of the main weaknesses of the current system and of the main features of the proposed system, in this article, the author argues that the proposed Act not only yields higher revenue than the existing Act, but also reduces the incentive for tax evasion.
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