Social media giant Facebook will have to set up a local office and employ local agents to operate its business in Bangladesh. It will not be allowed to employ foreign agents here.
The National Board of Revenue (NBR) strongly presented this opinion to the Facebook authorities following an allegation of noncompliance with the value-added tax (VAT) law by Httpool Bangladesh Ltd, an agent that collects VAT on advertisements on the social media platform from local companies.
The Silicon Valley-based company was also told to follow local laws for publishing contents on its platform.
These were discussed on Monday at a meeting attended by officials of the posts and telecommunications ministry, the NBR, the Bangladesh Telecommunication Regulatory Commission (BTRC), and Facebook.
Mustafa Jabbar, minister of posts and telecommunications told that revenue and security were the meeting’s main agenda. “The Facebook authorities assured us that they would take the issues seriously, and would comply with the Digital Security Act 2018, and tax and VAT acts,” he said.
“As a development of the previous meeting, Facebook has already appointed a Bangladeshi-origin representative who will look after the issues concerning Bangladesh on the social media platform,” the minister added.
It is worth to be mentioned that Sabhanaz Rashid Diya appointed as Bangladesh affairs officer at Facebook.