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fmskillsharing · 3 years ago
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here’s no doubt that we live in a world of advertising. It’s everywhere we look; from the TV commercials we see to the banner ads that pop up when we’re browsing the internet. In Bangladesh advertiser have to bear Tax & VAT on Advertising.
Here the question is What is Advertisement? Why are advertisements important? What are the types of advertisement? Does Tax & VAT charge on advertising? Who are withholding authority to deduct VAT & Tax on advertisement bill? What is the VAT & Tax rate for Advertisement Bill? How to calculate Tax & VAT on Advertisement Bill? what will do if payee fails to submit proof of submission of return at the time of making the payment?
I will help you answer all these question in this post. You’ll get a practical insight on how to calculate Tax & VAT on Advertisement Bill. Just follow & practice for error free calculation. Let’s start.
What is Advertisement?
An advertisement is a message designed to promote a product, service, or idea.
Why are advertisements important?
Advertising is important because it allows companies to promote their products and services to potential customers. This can help to increase sales and profits, as well as awareness of the company and its products.
What are the types of advertisement?
There are many types of advertisement, including print ads, direct mail ads, television ads, radio ads, podcast ads, mobile ads, social media ads, paid search ads, native ads, display ads, outdoor ads, guerrilla ads, product placement ads, public service ads, online ads, Banner ads, Interstitial ads, Native ads, Video ads, Playable ads etc.
Does Tax & Vat charge on advertising?
In Bangladesh, Tax & VAT are integral part of advertising bill. It is one of the main revenue sources of government revenue. Every advertisement bill is subject to VAT & Tax applicable on any platform.
VAT charge on Advertising
Service Code: S007.00
Advertising Agency means any person, institution or organization engaged in the preparation of advertisements of any name or type on a commercial basis or in any manner prepared for the purpose of promoting or assisting in the promotion of any product or service; and If any person, institution or organization’s website or online edition of a newspaper, periodical, magazine, etc. advertises, it will also be included in the advertising agency.
Service Code: S054.00
Advertiser through satellite channel means any producer or service provider who prepares and arranges for advertisement for the purpose of marketing or promotion of any product or service produced in his company, through a national or international satellite channel installed in space or in exchange of money.
Tax charge on Advertisement
Income Tax Ordinance 1984, Section 53K
Tax charge on Advertisement of newspaper or magazine or private television channel or [private radio station or any web site [or any person on account of advertisement or] purchasing airtime of private television channel or radio station or such web site].
Income Tax Ordinance 1984, Section 52AA
Media buying agency service
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fmskillsharing · 3 years ago
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fmskillsharing · 3 years ago
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XLOOKUP is one of the most powerful lookup function among other lookup functions with 50 million plus global active users. Passionately a large portion of us understand it’s benefit & specially it is used in corporate sector reporting.
Here the question is What is xlookup? Which microsoft office version xlookup function available? What is Function Syntax? Difference between Xlookup vs Vlookup? Can Reverse Lookup possible with Xlookup? How to use Dynamic Lookup using Xlookup? Is it possible Multiple Return Array Sum with Xlookup? What is Two Way Lookup? Can Xlookup Manipulation Error? How to use Nested Xlookup? Can you Find the Last Matching Value with Xlookup? Can you perform Horizontal Lookup with Xlookup? How to use Conditional Lookup with Xlookup? Is Xlookup allow Wild Card Character?
I will help you answer all these question in this post. You’ll get started with a scratch in Xlookup, even you’re a beginner just follow utilize this & boost your productivity. Let’s start.
What is xlookup?
The Excel Xlookup function is the latest and awesome replacement for older functions like Vlookup, Hlookup, Index Match and LOOKUP.  In addition XLOOKUP allow approximate and exact matching, wildcards (* ?) for partial matches, and lookups in vertical or horizontal ranges.
Which microsoft office version xlookup function available?
Xlookup function available in Microsoft Office 365 & Microsoft Office LTSC Professional Plus 2021.
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fmskillsharing · 2 years ago
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