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Introduction:
To the majority of the people in our society when you say to them food and beverage
they think fast food and restaurants. Rarely do they take into consideration the tons
of other food and beverage outlets that encompass this industry and make it one of the
largest ever growing industries in the world. Food is a necessary part of life and willalways be needed. Those are some reasons why this industry has an above average
future outlook.
The food and beverage industry includes a vast amount of venues. It is a very
diverse industry consisting of commercial operations and non-commercial operations.
Commercial operations can be classified as either part of the restricted market or the
general market. Examples of the restricted market would be some institutional
employee catering, or private clubs. The general market includes but is not limited to
hotels, fast foods, vending machines, pubs, amongst others. Non-commercial
operations are establishments where meals and snacks are prepared / served as an
adjunct, supportive service to the primary purpose of the establishment. For
example: hospitals, schools, and prisons. These may also fall under the subsidized
category of either private or public ownership which may include employee catering
or institutional catering. These foodservice operations financial goal does not involve
generating profit from the sales of food and beverage product, and may also be called
institutional foodservice. Some of the different types of food and beverages
establishments are: bars & pubs, cafes, canteens, coffee shops, fast food outlets, food
courts, hawker stalls, restaurants, snack bars, cafs, coffee houses & snack bars,
coffee shops, eating houses & food courts, fast food restaurants, food caterers, food
stalls, hawker stalls, restaurants. All of these fall under different categories.
Origin of Tax:
Late 13 bc., from Old French. Taxers impose a tax" (13bc.), from L. taxare
"evaluate, estimate, assess, handle," also "censure, charge," probably a frequentative
form of tangere "to touch" (see tangent). Sense of "burden, put a strain on" first
recorded 1672; that of "censure, reprove the first known system of taxation was in
Ancient Egypt around 3000 BC - 2800 BC in the first dynasty of the Old Kingdom.
The earliest and most widespread form of taxation was the corve and tithe. The
corve was forced laborprovided to the state by peasants too poor to pay other formsof taxation (labor in ancient Egyptian is a synonym for taxes). Records from the time
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document that the pharaoh would conduct a biennial tour of the kingdom, collecting
tithes from the people. Other records are granary receipts on limestone flakes and
papyrus Middle English (also in the sense 'estimate or determine the amount of a
penalty or damages', surviving in from Old French taxer, from Latin taxare 'to
censure, charge, compute', perhaps from Greektassein 'fix.
Definition of Tax:
Government levy on persons, groups, or businesses. Taxes are a general obligation of
taxpayers and are not paid in exchange for any specific benefit. They have existed
since ancient timesproperty taxes and sales taxes were known in ancient Rome
but tariffs was favored over internal taxes as a source of revenue. In modern
economies, there has been a trend away from tariffs in favor of internal taxes, which
provide the majority of revenues. Taxes have three functions: to cover government
spending, to promote stable economic growth, and to lessen inequalities in the
distribution of income and wealth. They have also been used for nonfiscal reasons,
such as to encourage or discourage certain activities. Taxes may be classified as direct
or indirect. Direct taxes are those that the taxpayer cannot shift onto someone else;
they are mainly taxes on persons and are based on an individual's ability to pay as
measured by income or net wealth. Direct taxes include income taxes, taxes on net
worth, death duties and gift taxes. Indirect taxes are those that can be shifted in whole
or in part to someone other than the person legally responsible for payment. These
include excise taxes, sales taxes, and value-added taxes. Taxes may also be classified
according to the effect they have on the distribution of wealth. A proportional tax is
one that imposes the same relative burden on all taxpayers, unlike progressive taxesand regressive taxes.
Overview of Tax:
The legal definition and the economic definition of taxes differ in that economists do
not consider many transfers to governments to be taxes. For example, some transfers to
the public sector are comparable to prices. Examples include tuition at public
universities and fees for utilities provided by local governments. Governments also
obtain resources by creating money (printing bills and minting coins), through
voluntary gifts (contributions to public universities and museums), by imposing
penalties (traffic fines), by borrowing, and by confiscating wealth. From the view of
economists, a tax is a non-penal, yet compulsory transfer of resources from the private
to the Public sectorlevied on a basis of predetermined criteria and without reference to
specific benefit received.
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Pieter Brueghel the Younger, The tax collector, 1640
In modern taxation systems, taxes are levied in money; but, in-kind and corve taxation
is characteristic of traditional or pre-capitalist states and their functional equivalents.
The method of taxation and the government expenditure of taxes raised is often highly
debated inpolitics and economics.
About Food and Beverage:
F&B is a common abbreviation in the Commonwealth countries. F&B is typically the
widely accepted abbreviation for "Food and Beverage", which is the sector/industry that
specializes in the conceptualization, the making of, and delivery of foods. The largest
section of F&B employees are in restaurants and bars, including hotels, resorts, and
casinos.
Nature of food and beverage in Bangladesh:
After independence the food habit of Bangladeshi p eople has been changed
a lot. Besides our traditional food consumer of Bangladesh like to take western food
also after 1980s. As a result of global marketing this was not too hard for the
consumers. Different foreign food companies were established in Bangladesh. Beverage industry is
one of them. But more interestingly we dont know beverage is also our cultural
food because beverage doesnt mean only carbonated drinks. Yoghurt, soup and litchi
are a l s o b e v e r a g e o f o u r o w n t r a d i t i o n w h i c h c o n s u m e d f o r
t h e l a s t 1 0 0 y e a r s i n Bangladesh. But carbonated beverage is new in
Bangladesh and today our research is on carbonated beverage market in Bangladesh and
consumer reaction to it. Carbonated beverage entered into our market in the later part of
1980. At that time there were only few companies in Bangladesh. But by the change
of time and western culture influences its become very popular in Bangladesh. By year 2000
more than 12 Beverage Company operating business in Bangladesh and most of them
are foreign companies. (Bangladesh Beverage: 2006)Th i s p a pe r i s d iv id ed i n t o s ix
sec t ion s . T he f i r s t s ec t ion con ta in s in t roduc t ion , objectives and
methodology. Section two is designed to focus on the literature review. The third
section i s dedicated to the conceptual analys is of beverage. In the
fourth sec tion, an overview of the beverage market in Bangladeshexplained.
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Food and Beverage directly do:
Most hotels and large restaurant chains have a food and beverage director. This is an
individual who manages the entire food and beverage operation of a company. He is
responsible for coordinating the management of large banquets, weddings,conferences, and restaurant activities. This director is responsible for the oversight of
employees, inventory, and budgets of the food and beverage department.
The education for a food and beverage director is typically either a hotel restaurant
management program or a culinary degree. The director should understand basic hotel
management and restaurant management. This type of curriculum is available at many
culinary colleges throughout the world. Many directors work through their way up
through various disciplines of restaurant management operations. This typically
includes cooking, serving, and shift management training. The director is responsible
for the entire restaurant and banquet facility team. His staff size can range from 50 to
100 employees, depending on the size of the company.
Most food and beverage director positions require the management of the alcohol
budget. This requires strict monitoring of bartenders, the bar area, and pouring
techniques. The director is required to perform daily inventory of liquor sales and
usage to ensure adequate profit margins are maintained in the bar area
Food & Beverage Department:
It requires a big effort to keep those three-million visitors from going hungry.
Joining the Food & Beverage Department means being part of a team that creates and
serves food in one of many food outlets around the park. We hire more than
1,000 people each season to work in our formal dining rooms, fast food outlets, delis
and cafeterias. The Food & Beverage department is the largest department on board
comprising of various areas working together to cater to our guests food and
beverage needs. From mouth-watering meals to deliciously refreshing cocktails, the
food and beverage department works around the clock to ensure our guests receiveworld class service, award winning cuisine and memorable experiences at all our bars,
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restaurants and lounges. Entry level positions within this department include waiters,
cooks, bar servers, hotel stewards and galley stewards, however there are numerous
management and supervisory positions as well as opportunities for career
advancement.
About Bangladesh Market:
The food processing industry is a 4.5
bill USD industry in Bangladesh Processed food represents one of the major potential
sectors in terms of its contribution to value addition and employment. The sector
accounts for over 22% of all manufacturing production and employs about 20% of the
labor force. All food processing enterprises account for 5% of GDP (around 4.48 bill
USD). There are nearly 700 processed food manufacturing enterprises in the country.
These include processing of bakery confectionary, fruits and vegetables, cereals,
dairy, carbonated and non carbonated fruits juices, drinks, others beverages andvarious other food products. At the moment Bangladesh exports around 90 kinds of
agro-processed food products to over 70 countries throughout the world. However,
value-wise 81% of the products are exported to ten major importing countries
including Italy and UK in Europe, USA and to a smaller extent Canada in the
Americas and a number of Middle East Countries with KSA, UAE and Kuwait taking
the lead.
Food & Beverage Management
The management positions within this department require self motivated candidates
with strong leadership skills, a positive attitude, and a keen eye for detail. They must
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have a pleasant personality, be fluent in conversational & written English and be able
to positively motivate and lead our Food & Beverage team. Must be extremely quality
conscious and be familiar with accounting systems and practices, food costs and
beverage cost structures and inventory management. Computer skills (MS Office) are
another strong requirement.
Food and Beverages Rules and Regulations:
Any food or beverage which is prepared to the order of the purchaser or which is
cooked and/or maintained at or near the cooking temperature or kept at or above room
temperature to make it or for it to remain palatable and suitable prior to sale, shall be
considered to be made available for immediate consumption and subject to the
Prepared Food and Beverage Tax.
Sales from vending machines are specifically exempt from the Prepared Food
and Beverage Tax
Sales of prepared food and beverages are subject to the Tax unless prepared by
someone other that the retailer for immediate consumption and merely placed on
display for sale purposes. Examples include prewrapped sandwiches, packaged
crackers, prepacked ice cream, etc.
Sales of prepared foods and beverages available for immediate consumption
that are sold on a "take-out", "to-go" or delivery basis are subject to the PreparedFood and Beverage Tax.
Any alcoholic or nonalcoholic beverage sold by the drink or as part of a meal
is subject to this tax. Exceptions would be soft drinks and alcoholic beverages (i)
purchased in unopened package form (i.e., six pack, cans, bottles, cases) and (ii) not
to be consumed on the premises of the retailer or where otherwise served by a
caterer. Examples of taxable beverages include a bottled drink sold by a caterer or
bar for opening and consumption by a customer on the retailers premises or
whenever served by a caterer and orange juice and milk served at a fast food
establishment; nontaxable beverages include can drinks sold by a convenience storeand a bottle of wine sold by a retailer for "take-out" by the consumer.
Prepared Food and Beverage sales made to the general public or employees
that are paid for, directly or indirectly, by cash, charge card, payroll deduction, meal
ticket, voucher or other means are subject to this tax and must be collected by the
retailer or employer.
Sales derived from Salad Bars (i.e. cut-up fruits and vegetables) sold in
various sized servings, usually by the pound or plates are subject to this tax.
Salad items such as potato salad, cole slaw, macaroni, bean and congealed
salads including chicken salad, etc., and sliced or unsliced meats that the retailer has
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not altered by heating or combining two or more foods (i.e. retailer is merely
repackaging), which are sold in carry-out containers, are not subject to this tax; any
of the forgoing sold as part of a meal, deli tray or otherwise as part of a steamed
table products is subject to this tax.
Whole pies and cakes altered on-site in any way (icing added, decorated, baked, etc.)
are subject to this tax.
In addition to the foregoing, the following rules and regulations apply
to the category or retailers set forth below:
Independent Bakeries:
Food and beverages prepared by an independent bakery are subject to this tax if
baked, decorated or altered in any way on the retailer's site.
Artisan Bakeries (effective January 1, 2009):
Bakery items (bread, rolls, buns, biscuits, bagels, croissants, pastries, donuts,
Danishes, cakes, tortes, pies, tarts, muffins, bars, cookies and tortillas) sold without
eating utensils by an artisan bakery are exempt from the Prepared Food and Beverage
Tax. An "artisan bakery" is a bakery that derives over 80% of its gross receipts from
bakery items and whose annual gross receipts, combined with the gross receipts of all
related persons as defined in NCGS 105-163.010, do not exceed $1,800,000.
Caterers and Food Delivery Services:
Any food or beverages prepared by a caterer or food delivery service (regardless of
the primary place of business or place of food preparation) and served within Wake
County is subject to the Prepared Food and Beverage Tax. All charges are subject to
this tax except gratuities of 20% or less that are separately stated on the invoice and
distributed to service personnel.
Any food or beverage prepared by caterers or food delivery services located within
Wake County to be served outside the County will not be subject to the Prepared
Food and Beverage Tax.
Convenience Stores:
Examples of food and beverages subject to this tax include hot dogs (whether placed
on rotisserie by customer or retailer), brewed coffee, fountain drinks and dip ice
cream, etc. Prepackaged sandwiches prepared by someone other than the retailer are
not subject to this tax.
Temporary Vendors:
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All temporary food and beverage vendors that operate as such, must make a fifty
dollar ($50) cash prepayment at least one (1) week in advance prior to
commencement of business to the Wake County Revenue Department and any
additional tax monies due must be paid with the Prepared Food and Beverage Tax
Return. A refund will be made if determination is made by the Revenue Departmentthat the tax amount due (plus penalties, if any) is less than the original prepayment
amount.
Grocers, Independent Delicatessens and Other Diversified Retail Establishments
Sales of prepared food and beverages in independent delicatessens and in the
delicatessen or similar department of a grocer or other diversified retail establishment
that are subject to taxation under the Ordinance shall be limited to the sale of any
Prepared Food or Beverage that is (i) heated when sold, (ii) sold as a single serving, or
(iii) sold as a steamed table product, (iv) altered in any way (except sliced or
repackaged) or, (v) any two or more foods and or ingredients combined to make a
single item sold as a single serving or sold as a whole packaged item or sold in bulk.
For purposes of the Regulation, a "steamed table product" shall mean any one or more
foods and beverages sold collectively as a meal available for immediate consumption,
including without limitation both heated and cooled foods and beverages.
Deli trays (meat, cheese, fruit, etc.) are subject to the Prepared Food and
Beverage Tax.
Sales derived from Salad Bars (i.e. cut up fruits and vegetables) sold in
various sized servings, usually by the pound or plates are subject to this tax.
Beverages
Akher gurer Sorbot sugarcane liquid jaggery's juice
Akher Rosh Sugarcane juice
Ampanna unripe boiled mango juice
Borhani inspired by Awadhi cuisine; salted curd with mix spices juice
Ghol whisked salted milk
Khejurer Rosh local dates juice
Tea inspired by Chinese and British culinary.
Alcohol
Bhang a wild leaves mix with milk, fruits & jaggery
Gorgora local Hukka mix with betel leaves & wild weeds.
Mohua alcohol formed from wild flowers
Tari alcohol formed from fermented rice
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Bangladesh Tax Rates:
According to the 2011 WTO data, Bangladesh's tariff rates on
commodities are as follows:
Live animals: 7.3864%
Cereals (corn, rice, barley, rye, wheat, etc): 3.5469%
Cocoa: 16.7273%
Coffee and tea: 23.4731%
Sugars (and products): 18.75%Metals: 12.8917%
Mineral Fuels (oil, natural gas, coal, etc): 10.7102%
The tariff on food products in Bangladesh is 22.5939%, according to the 2011
WTO data.
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Food, Beverage, 20%
Bangladesh
Income Tax Rate 25%
Bangladesh
Corporate Tax Rate 27.5%
Bangladesh
Sales Tax / VAT Rate 15%
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Food & Beverage on Agricultural overview Dhaka & Bangladesh,
May 2010
Agriculture is the single most important sector of Bangladesh's economy. Over 80%
of the population is engaged in agriculture (70% of the labour force). 57% of the labor
force is engaged in the crop sector which represents about 78% of the value addition
in the agricultural sector and more than 50% of the population depends on agriculture
for their livelihoods. The share of agriculture in GDP has fallen from around 57% in
the 1970s to 20% in the last few years. It is also the source of many of the small
industrial sector's raw materials, such as jute, and accounts for 10% of the value of all
exports. In short, agriculture is one of the driving forces behind economic growth in
Bangladesh and, as a result, increasing food and agriculture production have always
been major concerns of Bangladeshi policy-makers. With the current economic crisis
in the world, food insecurity remains an important issue in Bangladesh.
Bangladesh's major crops include: rice, wheat, sugarcane, potatoes, pulses, oilseeds,
spices, fruit, beef, milk, and poultry. Rice, with an average 70% share of the gross
output value of all crops leads the table. As a result, growth in the agricultural sector
essentially mirrors the performance of rice production, although the share of livestock
and fisheries has increased steadily in recent years to 22% of the value added in
agriculture.
Bangladesh's dependence on food imports and, in particular, food aid throughout the
years has been a cause for concern. Assuming normal weather conditions,
Bangladesh's food grain production in 2010-11 is forecasted to be around 33.3 million
tons (32.3 million tons of rice and 1.0 million tons of wheat), up 2 percent from
current productions. Imports of food grains are predicted to include 400,000 tons of
rice and 2.5 million tons of wheat.
In 2009, agri-food imports in Bangladesh represented approximately $1.10B, 4.7% of
total imports ($20.53B) and absorb about 10% of total export earnings. The import
figure may increase based on country's production year to year. Natural disaster(floods in particular) may cause abnormal increases in imports to the agribusiness
sector. The government legislation for agricultural products changes with the
country's production and import requirements. For example, the government currently
allows tax free import of wheat and pulses due to a significant shortage between
demand and level of local production.
The Bangladesh Agricultural Research Council (BARC) estimates the future
requirement for food grains to be about 45 million tonnes in 2030 compared to 33
million tonnes in 2010-11.
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Total Bangladesh/Canada agricultural trade was valued at over $542 million in 2009,
representing over 86% of Canadian exports to Bangladesh and 38% of total trade
between the two countries. Top Canadian agricultural exports to Bangladesh were
wheat valued at $246 million accounting over 45% of all agri food exports, and pulses
and peas at $242 million or 44% of total agri-food exports. Bangladesh imports largequantities of wheat as it is a staple of the Bangladeshi diet. Consistent demand in this
commodity represents an excellent opportunity for Canadian wheat exporters to
increase sales. Ukraine and Russia together were Bangladesh's largest wheat
suppliers, accounting for over 50% of Bangladesh's wheat imports. Other wheat
suppliers include the US, Australia and Argentina. No. 2 Canada Western Red Spring
wheat is already established in the market; a variety popular due to its price and
quality.
The 2009/10 wheat crop, currently in its vegetative stage, is enjoying favorable
weather conditions and is estimated to produce 1 million tons from 400,000 hectaresof land. Assuming normal weather conditions, wheat production in 2010/11 is
forecast at 1.02 million tons with cultivated area remaining the same. Wheat
consumption in 2009/10 is estimated at 3.4 million tons, up by about 10 percent from
2008/09. Wheat consumption by middle and high income populations in the urban
areas is growing steadily due to changes in food habits and the growth in the
hospitality industry. The growing bakery sector is also contributing to the increase in
wheat consumption. While coarse wheat flour, known as Atta, is sold in bulk in
rural areas, urban millers are marketing packaged refined wheat flour under brand
names.
In 2010 wheat imports are forecasted to be 2.5 million tons consisting of 500,000 tons
public sector imports and 2 million tons private commercial imports. The public
sector procurement in Bangladesh is based on price competition therefore suppliers
from Ukraine enjoy the greatest success in this procurement. In contrast, the private
sector sources much of its wheat from Canada, Australia, Russia and Ukraine. If India
continues their wheat export ban, demand for Canadian wheat will remain strong this
year as well.
Pulses are a very important dietary component of the people of Bangladesh. Themajor types of pulses grown are lathyrus, lentil, chickpeas, mungbean and blackgram.
Pulses are Canada's second largest export to Bangladesh. In 2009, Canada exported
over 0.6 million MT of pulses (125,860 MT Red Lentils and 475,000 MT Yellow
Peas) worth of over $242 million. Consumption of pulses has been growing faster
than local production and has resulted in an increasing amount of pulse crops
imported into the country. Canada is the leading supplier of Red lentils and Yellow
peas to Bangladesh.
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Due to the lack of interest by farmers to grow lentils, planted acres have fallen in the
last five years at an alarming rate. It is expected that the acreage will continue to
shrink further and eventually make Bangladesh a net lentil importing country.
According to the last available statistics, Bangladesh produced 115,000 MT of red
lentils in 2007. The main sources of supply of pulses in to Bangladesh are Australia,
Turkey, Syria, India and Nepal. India has recently banned all their pulse export to
Bangladesh and if this ban continues in the next year, Bangladesh will continue to
import pulses from Canada.
Oilseeds are Canada's third largest export item to Bangladesh. In 2009, Canada
exported over $54 million of oilseeds (canola and master seeds) to Bangladesh.
Ukraine, France and Russia are Canada's main competitor for oilseed in the markethere. Wheat, pulses and oilseeds imports are currently duty free. There is also no
quantitative restriction on imports of these items.
The possibility of natural disasters is a constant threat for Bangladesh. The country is
particularly vulnerable to sudden floods, cyclones and even droughts. Agriculture
growth in 2009/2010 is likely to remain strong due to favorable conditions. However,
vulnerability to natural disasters, a heavy reliance on annual rains and adequate
supplies of fertilizer for crop performance result in severe fluctuations in food grain
production and prices as well as very erratic GDP growth.
Bangladesh has an agriculture-dependent economy with a growing population and one
of the world's lowest land areas per capita. Not surprisingly, the most important issue
in Bangladesh agriculture is to enhance and sustain growth in crop production, the
most pressing problem is therefore the current state of stagnating yields and declining
productivity in a range of food and non-food crops. Projections of food grain supply
and demand are consistent in their conclusions that there is a widening food grain
supply gap.
With negligible scope for area expansion, as most of the arable lands of Bangladeshare already under cultivation, future growth will have to continue to rely on raising
productivity per unit of land. For this reason, continuous efforts are being made
towards developing new improved seed varieties. It is also felt that the agricultural
sector has by no means exploited its full potential for crop production and that there
are various opportunities for substantially increasing cropping intensities. Currently
only 45 percent of the potential irrigated area is covered by modern varieties and,
most important, there are wide gaps between the potential and the realized yields for
all crops in the country.
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Vat:
VAT is a tax you pay when you buy goods and services in the European Union,
including in the UK. If you have to pay VAT on something it will normally be
included in the price you see on the shelf. In some circumstances you might be able to
get a refund of any VAT you have paid, for example if you live outside the EU and
are visiting the UK.
Unless there is anything repugnant in the subject or context, in this Act-
a) "exempted" means goods and services exempted from the added value tax under this
Act;b) "output tax" means the added value tax or, as the case may be, the added value tax
and additional duties of customs imposed under this Act;
c) "inputs" means all kinds of raw materials, services and equipments; but it shall not
include labor, land, buildings, small parts of machines, parts of machines, office
equipment and vehicles;
d) "input tax" means the added value tax payed on articles imported by any registered
person or purchased by such person from any other registered person;
e) "tax period" means a period of one month or any such period as the Government
may, by notification in the official Gazette, specify in this behalf;
f) "taxable goods" means any such goods as are not included in the first schedule;
g) "taxable services" means the services mentioned in the second schedule;
h) "collector" means any collector, added value tax, appointed under section 20;
i) "current account" means the account kept by a registered person with a controller in
the prescribed form, in which shall be stated in writing his purchases, sales, treasury
deposits, payable and remittable added value tax and, if required, other tax;
j) "invoice" means the invoice made out under section 32;
k) "turnover" means the total amount of money received or receivable by any person at
any prescribed time from the supply of taxable goods produced or manufactured by him
or the supply of taxable services;
1. Levy of added value tax:
(1) The added value tax shall be charged and paid at the rate of fifteen per cent on thebasis of the value stated in section 5 on all goods imported into Bangladesh except the
goods mentioned in the First Schedule and on the supply of goods except the goods
mentioned in the said Schedule and on all services mentioned in the Second Schedule.
(2) Notwithstanding anything contained in sub-section (1), the rate of the tax chargedon the following goods or services shall be nil, namely:-
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a) goods or services which have been or are deemed to have been exported from
Bangladesh;
b) food and other provisions supplied for consumption outside Bangladesh on any
conveyance proceeding from Bangladesh to any foreign destination in accordance
with section 24 of the Customs Act, 1969 (IV of 1969), hereinafter referred to as theCustoms Act:
Provided that this sub-section shall not be applicable in the case of the following
goods, namely:-
i) any goods reimported or intended to be reimported into Bangladesh;
ii) any goods which have been cleared for exportation in accordance with section 131
of the Customs Act, but which have not been exported within thirty days after
delivery of the bill of export or within the period extended by the Collector.
(3) the added value tax shall be paid-
a) in the case of imported goods, by the importer;
b) in the case of goods produced or manufactured in Bangladesh, by the supplier;
c) in the case of services, by the supplier of the service.
2. Application of rate of tax:
(1) In the case of supply of taxable goods or taxable services, the rate of added value
tax shall be the rate applicable on such goods and services at the time mentioned in
sub-section (2) or, as the case may be, sub-section (3) of section 6.
(2) In the case of importation of taxable goods, the added value tax shall,-
a) in the case of clearance of such goods for home-consumption, be charged at the rate
in force on the date on which the bill of entry is presented under section 79 of the
Customs Act:
Provided that, where the bill of entry is presented before the arrival of the conveyance
on which the goods are imported, the date concerned shall be the date of delivery of
the manifest following next to the arrival of the said conveyance; and
b) in the case of clearance of such goods from a warehouse under section 104 of the
Customs Act, be charged at the rate in force on the date on which the said goods are
cleared from the warehouse.
3. Determination of value for charge of added value tax:
(1) In the case of importation of goods, the value on which added value tax is to be
paid shall be determined by adding the import duty and other duties, including
additional duties of customs, and taxes (if any), excluding advance income tax, to the
value chargeable with import duty under section 25 of the Customs Act.
(2) Subject to the provision of sub-section (3), in the case of supply of goods, the
value on which added value tax is to be paid shall be the price receivable from the
buyer by the producer or manufacturer of the said goods, in which shall be included
all the expenditures of the producer or manufacturer and, where applicable, all the
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duties and taxes including commissions, charges and additional duties of customs
(excepting advance income tax) paid by him.
(3) The Government may, by notification in the official Gazette, specify the goods in
respect of which added value tax shall be charged on the basis of the retail price and
in the case of charging added value tax the retail price of such goods shall be theprice, which shall include all kinds of expenditures, commissions, charges, customs
duties and taxes, determined by the producers or manufacturers on consent of the
officer concerned, and such goods shall be marked with a special brand or sign and
shall be sold to the average consumers at such price (which shall be printed in a
distinct, noticeable and irremovable manner on the surface of, or on each package,
bag or receptable containing, such goods).
(4) In the case of supply of services, added value tax shall be charged on the total
receipts:
Provided that, in the case of any ordered service, the Board may by rules charge the
tax on the basis of the real added value.
(5) In the case of goods on which a trade discount has been allowed, the added value
tax shall be chargeable on the price at which they are supplied after the allowance of
the trade discount:
Provided that the price at which such goods are supplied after the allowance of the
trade discount shall be mentioned in the invoice and that the amount of the trade
discount allowed shall be consistent with the ordinary business practice.
4. Time and manner of payment:
(1) The added value tax on imported goods shall be paid in the same manner and at
the same time as the import customs in accordance with the Customs Act and the
rules made thereunder as if it were an import tax under the said Act; and the rules,
orders or directions passed or issued under the said Act shall, subject to the rules,
orders or directions, if any, passed or issued under this Act for the purpose of
regulating any matters relating to such added value tax or, as the case may be,
additional duties of customs, be, as far as is possible, applicable to the added value tax
or, as the case may be, additional duties of customs in the same manner as they are
applicable to the import tax.
(2) The added value tax on goods produced or manufactured by any registered or
registrable person for the purpose of conducting or furthering a business shall be paid
at the time of such of the following operations as occurs first-
a) when the goods are delivered or supplied;
b) when the invoice regarding the supply of the goods is made out;
c) when any goods are used privately or are supplied for any other use;
d) when the price is received in part or in full.
(3) The added value tax on services supplied by any registered or registrable person in
the course of conducting or furthering a business shall be paid at the time of such of
the following operations as occurs first-
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a) when the service is supplied;
b) when the invoice relating to the supply of the service is made out;
c) when the price is received in part or in full.
(4) Notwithstanding anything contained in this section, the Board may, in such
manner as may be prescribed by rules, determine the time at which and the manner inwhich added value tax or, as the case may be, additional duties of customs is to be
paid in respect of any goods, classes of goods and services.
(5) Added value tax and additional duties of customs on the supply of goods produced
or manufactured in Bangladesh and added value tax paid on services shall, in such
manner as may be prescribed by rules, be paid from the current account or stated in
the return, respectively.
5. Levy of additional duties of customs:
(1) There shall be paid additional duties of customs at the rate stated in the Third
Schedule on such luxury articles, unnecessary and socially undesired goods and
services stated in the said Schedule as are supplied in or imported into Bangladesh.
(2) For the purpose of charging additional duties of customs, the value of goods and
services-
a) shall, in the case of imported goods, be the value on which is levied import tax
under section 25 of the Customs Act for the purpose of levying import tax;b) shall, in the case of goods produced or manufactured in Bangladesh, be the
consideration, which shall not include the added value tax and additional duties of
customs, received or receivable by the producer or manufactorer from the buyer of
such goods;
(3) Additional duties of customs are to be paid at the same time and in the same
manner as is to be paid added value tax.
6. Turnover tax:
(1) Every producer or manufacturer of taxable goods or supplier of taxable services who
is not subject to registration under section 15 shall pay a turnover tax at the rate of two
per cent of his annual turnover.
(2) The highest amount of turnover tax to be paid on turnover, the schedule of payers of
turnover tax, the assessment of the turnover tax to be paid and the manner of its
realization, appeals against assessments, offences and punishments, the detention,
adjudication, confiscation of goods and imposition of fines and all appeals in respect
thereof, the powers of the officers concerned, audits, the realization of underpaid or
outstanding tax, the refinement of erroneously paid or overpaid tax and other matters
concerned shall be prescribed by rules.
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7. Deduction of tax:
(1) Suppliers of taxable goods or suppliers of taxable services may, subject to the
provision of sub-section (2), credit input tax against the output tax payable on the
supply of goods produced or manufactured by them or on services rendered by them:Provided that, in the case of expensive materials, the input tax shall be deducted in
such manner as may be prescribed by rules.
(2) No supplier of taxable goods or taxable services shall be eligible for deduction of
input tax unless he holds an invoice proving that he has paid the added value tax
payable on equipments or a bill of entry proving that he has paid the added value tax
applicable on importations; and if any person makes an deduction without (such)
proof, the officer concerned may annul such deduction and direct such adjustment in
the current account or the return as may be required.
(3) Any supplier of taxable goods or taxable services who also supplies goods or
services on which no added value tax is to be charged, may, in such manner as may be
determined by rules, credit such proportion of the input tax against the output tax as is
attributable to the inputs used in the production or manufacture of goods, or in
services, on which added value tax is to be charged.
8. Exemption:
(1) The Government may, by notification in the official Gazette, subject to limits and
conditions mentioned therein, exempt the import or supply of any goods or classes of
goods or any services supplied from added value tax or, as the case may be, additionalduties of customs chargeable under this Act.
(2) The Board may, by special order, on statement of the reasons in each case, exempt
the import or supply of any taxable goods or any taxable services supplied from added
value tax or, as the case may be, additional duties of customs chargeable under this
Act.
9. Appointment of added value tax officers:
For the purpose of giving effect to this Act and rules, the Board may, by notification
in the official Gazette, appoint for any area mentioned in the notification any person
as-
a) Collector, Added Value Tax;
b) Collector (Appeal), Added Value Tax;
c) Additional Collector, Added Value Tax;
d) Joint-Collector, Added Value Tax;
e) Sub-Collector, Added Value Tax;
f) Assistant Collector, Added Value Tax;
g) Superintendent, Added Value Tax; orh) added value tax officer of any other rank.
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Food & Beverage:
1 General:
1.1 This Information Leaflet sets out the rates of VAT on supplies of food andbeverage.
1.2 Most food and beverage sold by retail shops is chargeable to VAT at the zero-
rate. This includes most basic foodstuffs, for example, bread, butter, tea, sugar,
meat, milk, vegetables etc. Certain items of food and beverage are specifically
excluded from the scope of the zero-rate. These are taxable at
the standard and reduced rates of VAT. Food liable at the reduced rate includes flour
or egg based bakery products e.g. cakes, crackers, certain wafers and biscuits. Food
and beverage liable at the standard rate includes sweets, chocolates, confectionery,
crisps, ice-cream and soft drinks.In addition food and beverage liable at the standard rate includes:-
frozen desserts, frozen yogurts and similar frozen products, and prepared mixes and
powders for making any such product or similar products;
uncooked confectionery;
savory snack products made from cereal or grain, fried bread segments, pork scratching,
and similar products and
Soft drinks and alcohol.
2 Food and beverage supplied in the course of operating a catering business
(including Vending Machines, Take-Always, and Supermarkets):
2.1 Food and beverage normally chargeable to VAT at the zero-rate becomes liable
to VAT at the reduced rate when supplied in the course of operating hotels,
restaurants, cafes, canteens, public houses, caterers and other similar businesses or
by means of vending machines.
2.2 Food and beverage normally liable to VAT at the standard rate becomes liable
at the reduced rate when supplied in the course of provision of a meal by any of
the specified classes of business (see preceding paragraph) excluding alcohol,
soft drinks and vegetable juice.
2.3 Alcohol, soft drinks, bottled waters and health drinks are liable to VAT at the
standard rate in all circumstances.
2.4 All hot take-away food is liable at the reduced rate irrespective of the rate which
would apply if it were supplied otherwise
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2.5 Vending machine sales ofzero-rated food and beverage are liable at the
reduced rate. Food and beverage other than zero-rated food and beverage sold by
means of a vending machine are taxable at the appropriate rates e.g. cakes the
reduced rate, confectionary the standard rate.
2.6 Zero-rated food and beverage remains free of VAT so long as it is not suppliedby means of a vending machine or in the course of operating any of the specified
classes of business
2.7 Cold take-away food and beverage supplied by supermarkets, etc. are taxable at
the zero, reduced or standard rate, as appropriate
3 Summary:
The rates of VAT appropriate to the supply of food and beverage through the
various outlets are set out below. A tabular summary is attached.
4 Retail shops including supermarkets:
4.1 Food and beverage supplied by retail shops is liable at the zero, reduced or
standard rate as appropriate. The supply of freshly baked bread which may have
retained some heat after baking but which has not been maintained heated and which
is supplied in the course of a grocery business is liable at the rate appropriate to the
same food when cold. However, hot food, including hot cooked chickens is liable to
VAT at the reduced rate.
4.2 Supermarkets which operate restaurants or cafs are generally regarded ascarrying on a separate restaurant business. Food and beverage supplied in the course
of the restaurant business is normally liable at the reduced rate. This includes fruit
juices, ice cream, and confectionery supplied in the course of the provision of a meal
(but the supply of such foods for taking away is liable at the standard rate). As
already stated alcohol, bottled waters and soft drinks other than fruit juices are
always liable at the standard rate.
4.3 Food and beverage sold by means of vending machines is liable at the reduced
rate or standard rate, as appropriate. The zero-rate never applies and food and
beverage which might otherwise be zero-rated is liable at the reduced rate when soldby means of vending machines. The sale of zero rated food and beverage by means
of a vending machine is considered to be a service for VAT purposes.
5 Hotels, Restaurants, Cafs, Canteens, Public Houses, Caterers and Similar
Businesses:
5.1 Food and beverage, including fruit juices, supplied with a meal, but excluding
alcohol, bottled waters, soft drinks and vegetable juice is liable at the reduced
rate. This is so even if the food or drink would have been liable at the standard rate
if supplied otherwise (for example, fruit juice or ice cream, liable at the standard
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rate, is liable at the reduced rate when supplied in the course of the provision of a
meal).
5.2 Alcohol, bottled waters and soft drinks are liable at the standard rate in all
circumstances.
5.3 Staff meals, when taxable, are liable at the reduced rate.
5.4 Receipts from admissions to dinner dances are liable at the standard rate
including the dinner element in the charge. If there are separate charges for the
dinner and the dance and payment of the charge for dinner is not a condition of
admission to the dance the dinner charge is liable at the reduced rate and the charge
for admission to the dance is liable at the standard rate
6 Take-aways: Traders whose business consists entirely of take-aways:
6.1 Food and beverage supplied will be taxable as follows:
Hot take-away food and beverage the reduced rate.
Cold take-away food and beverage zero %. (E.g. sandwich/cold milk) or the reduced rate.
(E.g. cold apple tart) or standard (e.g. chocolate bar), as appropriate.
Alcohol, bottled waters and soft drinks the standard rate.
6.2 If cold take-away zero-rated food or drink is supplied with hot take-away food
for an inclusive price (for example, coleslaw with hot chicken) the entire charge isliable at the reduced rate. Soft drinks supplied with hot take-away food for an
inclusive price are liable at the standard rate. It will be open to the proprietor of a
take-away business to charge separately for the different constituents of a take-away
meal and to pay tax accordingly.
6.3 The term hot take-away food and beverage should be understood as including
cooked food which is supplied while hot for the purpose of consumption while hot,
that is, at a temperature above the ambient air temperature. It includes items such as
burgers which consist of hot meat enclosed in a cold bun, cooked chickens and
similar food. The term does not include freshly baked bread which may be hot at thetime of purchase.
7 Take-aways: Traders whose business does not consist entirely of take-aways:
Although, strictly, zero-rated food supplied in the course of operating a hotel,
restaurant, public house, canteen or similar business is liable at the reduced rate,
application may be made to the Revenue District responsible for your tax affairs to
have the take-away activities treated concessional as a separate activity and, to the
extent that the take-aways consist of zero-rated food, relieved accordingly.
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8 Waste foods:
8.1 Waste food of all kinds which is sold as animal food may be regarded as
qualifying for the zero-rate of VAT.
8.2. Waste oils sold for reprocessing are liable to VAT at the standard rate.
9 Location Catering:
This service is liable at the reduced rate but alcohol, bottled waters and soft drinks
supplied are liable at the standard rate.
10 Catering on off-shore oil rigs outside territorial waters and on foreign-going
ships and aircraft:
The zero-rate effectively applies.
11 Catering in schools and hospitals:
Catering services are exempt from VAT where supplied
a. to patients of a hospital or nursing home in the hospital or nursing home; and
b. to students of a school in the school.
Further information:
Enquiries regarding any issue contained in this Information Leaflet should beaddressed to the Revenue District responsible for the taxpayer's affairs.
Food and Beverage Regarding Tax:
Guidelines for the tax on prepared food and beverages:
The Prepared Food and Beverage Tax (Meals Tax) was established by Ordinance No.
28631 and was adopted by the City Council on May 18, 1987. In the case of any
conflict between these guidelines and the provisions of the City Code (1979), as
amended, or other ordinances, the Code or ordinance will prevail.
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Food and beverage: Rates of VAT:
Food and beverage: Rates of VAT
Type of Food or
Beverage
How supplied
With meals in
hotels,
restaurants,
canteens, pubs
etc.
By hotel
other than
with meals
By means of
vending
machines
By retail
stores(see
note)
By 'take-
away' only
business
All food and
beverage except
alcohol and soft
drinks
reduced reduced,
standard
reduced,
standard
0%,
reduced,
standard
0%,
reduced,
standard
Zero-rated food reduced reduced reduced 0% (cold),
reduced
(hot)
0% (cold),
reduced
(hot)
Cakes, biscuits
(other than
chocolate covered
biscuits)
reduced reduced reduced reduced reduced
Chocolates,confectionary,
chocolate biscuits,
crisps, ice cream
reduced standard standard standard standard
Alcohol, bottled
waters and soft
drinks including
health drinks
standard standard standard standard standard
Fruit Juices
including freshlysqueezed juices
reduced standard standard standard standard
'Take-aways' - hot reduced reduced reduced
'Take-aways' - cold 0%,
reduced,
standard
0%,
reduced,
standard
0%,
reduced,
standard
'Take-aways' - hot
and cold for
inclusive price
reduced,
standard
reduced,
standard
reduced,
standard
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Food and beverage: Rates of VAT
Type of Food or
Beverage
How supplied
With meals in
hotels,
restaurants,
canteens, pubs
etc.
By hotel
other than
with meals
By means of
vending
machines
By retail
stores(see
note)
By 'take-
away' only
business
Chips (cooked) reduced reduced reduced reduced
Dinner Dances standard
Service Charges reduced
Note: Retail Stores including supermarkets
This information leaflet which sets out the current practice at the date of its issue is
intended for guidance only and does not purport to be a definitive legal
interpretation of the provisions of the Value-Added Tax Act 1972.
VAT Rates (Current and Historic):
Current and Historic VAT Rates
Date
Effective
From
Standard
Rate (%)
Reduced
Rate (%)
Second
Reduced
Rate (%)
Farmers' flat-
rate addition
(%)
Livestock (%)
1 January
2012
23 13.5 9 5.2 4.8
1 July 2011 21 13.5 9 5.2 4.8
1 January
2010
21 13.5 5.2 4.8
1 December2008 21.5 13.5 5.2 4.8
1 January
2007
21 13.5 5.2 4.8
1 January
2005
21 13.5 4.8 4.8
1 January
2004
21 13.5 4.4 4.4
1 January2003
21 13.5 4.3 4.3
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Current and Historic VAT Rates
Date
Effective
From
Standard
Rate (%)
Reduced
Rate (%)
Second
Reduced
Rate (%)
Farmers' flat-
rate addition
(%)
Livestock (%)
1 March
2002
21 12.5 4.3 4.3
1 January
2001
20 12.5 4.3 4.3
1 March
2000
21 12.5 4.2 4.2
1 March
1999
21 12.5 4.0 4.0
1 March
1998
21 12.5 3.6 3.6
1 March
1997
21 12.5 3.3 3.3
1 March
1996
21 12.5 2.8 2.8
1 March
1993
21 12.5 2.5 2.5
1 March
1992
21 16 12.5 2.7 2.7
1 March
1991
21 12.5 2.3 2.3
1 March
1990
23 10 2.3 2.3
1 March
1989
25 10 5 2 2
1 March
1988
25 10 5 1.4 1.4
1 May 1987 25 10 1.7 1.7
1 March
1986
25 10 2.4 2.4
1 March
1985
23 10 2.2 2.2
1 May 1984 35 23 5,8,18 2 2
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Current and Historic VAT Rates
Date
Effective
From
Standard
Rate (%)
Reduced
Rate (%)
Second
Reduced
Rate (%)
Farmers' flat-
rate addition
(%)
Livestock (%)
1 July 1983 35 23 5,18 2 2
1 May 1983 35 23 5,18 2.3 2.3
1 March
1983
35 23 5,18 2.3 2.3
1 May 1982 30 18 1.8 1.8
1
September
1981
25 15 1.5 1.5
1 May 1980 25 10 1 1
1 March
1979
20 10 1 1
1 March
1976
20 10 Discontinued Discontinued
1 March
1975
19.5 6.75 Suspended in
relation to live
cattle
Suspended in
relation to live
cattle
3
September
1973
19.5 6.75 1 1
1
November
1972
16.37 5.26 1 1
Abolished/Repealed VAT Rates:
Increased Rates (Discontinued with effect from 1 March 1979)
Effective
From
Applied to radios, TV sets, record
players and records
Applied to passenger motor
vehicles
1 March 1976 40 35
1 March 1975 36.75 36.75
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Increased Rates (Discontinued with effect from 1 March 1979)
Effective
From
Applied to radios, TV sets, record
players and records
Applied to passenger motor
vehicles
3 September
1973
36.75 36.75
1 November
1972
30.26 30.26
The standard rate applied to these goods from 1 March 1979
Special Rates:
A special rate of 11.11% applied to dances from 1 November 1972 was abolished on
1 March 1976.
A special rate of 10% which continued in relation to domestic dwelling development
contracts entered into before 25 February 1993 was repealed on 23 November 2010.
What is the prepared food and beverage tax?
Effective August 1, 1987, a tax was levied on the purchase of all prepared food and
beverages served in and from these places of business:
Restaurants
Eating Houses
Dining Rooms
Eateries
Grills
Bowling Alleys
Coffee Shops
Drug Stores
Cafeterias
Lunch Wagons/Lunch Trucks
Cafes
Pushcarts
Snack Bars
Carry-Out
Confectioneries
Food Concessions
Bakeries
Motels
Hotels
Doughnut Shops
GroceryStore
Delicatessens
Carnivals
Ice Cream Stores Dinner Theaters
Movie Theaters
Festivals
Bed & Breakfast Inns
Private Clubs
Who collects the prepared food and beverage tax?
All businesses that come under the definition of restaurant or caterer and that are
listed above must collect this tax from their customers when the charge for the food
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and beverages is paid. The tax is to be paid whether the customer pays by cash or by
credit card. The seller adds the tax to the gross amount and collects the total from the
customer.
SELLERS MUST NOT in any way suggest or indicate that they will relieve the
customer of payment of part or all of this tax. The customer alone must pay the totaltax amount due.
Are tips taxable?
In the past, tips were taxable when added to the price of food or automatically added
onto the bill. An amendment to the Code of Virginia effective July 1, 2006 states that
gratuity, service charges or tips that are mandatory or automatically added to the price
of a meal by the seller are not subject to the Meals Tax unless the service charges or
tips are in excess of 20%. This exemption only applies if the service charge added to
the price of the meal does not exceed 20%. Those service charges or tips that are 20%or more and added to the price of the meal remain subject to the Meals Tax.
Monthly remittance:
The seller must complete and sign a monthly report indicating the amount of the food
and beverage charges collected and the tax required to be reported. All forms will be
provided at NO CHARGE with a return envelope. If the forms are delivered in
person, they must be received by the City Treasurer's Office on or before the 20th of
the month. If the forms are mailed, they must be postmarked on or before the 20th of
the month. Currently, coupon booklets are provided to sellers for reporting andremittance.In either case, if the 20th of the month falls on a weekend or holiday, the
next business day becomes the due date.
Records retention:
The seller must retain for three years auditable records of:
1. Gross Receipts for all food and beverages, records of food and beverage purchases,
records of spoilage, waste or any other purchases to support the food and beverage
operation.
2. Amount charged the buyer for each purchase.
3. Date of each sale, deposit records, cash register tapes, voids, daily worksheets, etc.
4. The amount of tax collected from each sale.
5. Exempt sales.
Closing of a business:
If you should close your business or that part of your business that is applicable to thistax, you must IMMEDIATELY complete your tax remittance and pay all taxes due.
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You must also complete the reverse side of the remittance form and list the New
Owner's Name and Address, if known and applicable.
Catering businesses located outside of the city of Roanoke:
On February 4, 1991, Ordinance 30394-20491 amended the Code of the City of
Roanoke to provide that the situs for meals taxation is the locality in which the sale is
made. Section 32-284 states that "the tax is levied and imposed on the purchaser of all
food sold in the city . . . or by a caterer regardless of place of delivery or
consumption." Therefore, catering businesses located inside the City of Roanoke must
collect the tax and remit it to the City even if the food is delivered to a destination
outside of the City of Roanoke. However, when mobile trucks, booths or caterers with
businesses located outside the City of Roanoke set up to sell or prepare food in the
City of Roanoke, they are liable to the City for the tax.
Catering businesses located outside of the City of Roanoke are not required to collect
and to remit the tax to the City unless they establish a point of sale within the City
such as a mobile truck, booth, pushcart, etc.. or they prepare and cook food within the
City. The Prepared Food and Beverage Tax does not apply to catering
services such as rental of tablecloths, napkins, flower arrangements, candles, etc.
Exemptions:
Snack Foods are not taxable by this Ordinance.The term "snack" includes items such as:
Unopened bottled or canned drinks
Chewing Gum
Candy
Popcorn (packaged for home consumption)
Peanuts and other nuts
Unopened bags of prepackaged or factory sealed chips, popcorn etc
And other items of a similar nature consumed as a snack.
The following purchases of food are not subject to this tax:
Foods furnished by restaurants to employees as part of their compensation when
no charge is made to the employee.
Foods sold by non-profit day care centers, public or private elementary or
secondary schools or foods sold by any college or university to its students or
employees.
Foods for use or consumption by the Commonwealth, any political subdivision ofthe Commonwealth, or the United States.
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Foods furnished by a hospital, medical clinic, convalescent home, nursing home,
home for the aged, infirm or handicapped or other extended care facility to
residents thereof.
Foods furnished by non-profit charitable organizations to the elderly, infirm,
handicapped, or needy persons in their homes or at central locations. Foods sold by non-profit, educational, charitable or benevolent organizations on
an occasional basis.
Any other sale of food ordered exempt by the Virginia Retail Sales and Use Tax
Act.
Penalties:
If the tax remittance and report is not received in the City Treasurer's Office a 10%
penalty will be assessed if the failure is not for more than 30 days and a 20% penalty
will be assessed if the failure is not for more than 60 days. The penalty will be notexceeding 25% and the minimum penalty is $2. The penalty for filing a false or
fraudulent report is fifty percent (50%) of the amount of tax due.
Failure to comply with any provision of the Tax on Prepared Food and Beverages
Ordinance constitutes a Class 1 misdemeanor. Agreements to pay delinquent taxes in
installments do not relieve you of criminal liability until the taxes and penalties are
paid in full.
Examples of items not taxable:
Unopened bottle, can or six-pack of beer or bottled wine purchased for off
premises consumption.
Chewing gum purchased at a restaurant.
Church supper prepared by a church on an occasional basis.
Cold unopened drink from a case at a convenience store.
Food provided to a patient in a hospital or nursing home
Food purchased as part of a rescue squad or church fund-raising effort on an
occasional basis.
Frozen TV dinner or grocery item purchased in a grocery store.
Pre-sealed, pre-packaged sweet roll purchased from a snack bar or a cafeteria. For
example, "Tasty Kake" cinnamon bun, "Little Debbie" brownies or "Rainbow"
honey buns.
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Peanuts or other nuts from a peanut or candy shop.
Candy from a movie theater.
Vending machine sales.
Examples of taxable items:
Baked, fried, or barbecued turkey, chicken, seafood or ribs from a restaurant,
delicatessen or grocery store delicatessen for on or off premises consumption.
Beer, wine or mixed drinks at any bar, tavern, or restaurant.
Beer, wine or mixed drinks delivered to hotel or motel rooms or any "roomservice" food.
A church supper provided by a caterer.
Cup of coffee.
Doughnuts served and eaten on premise (non packaged).
Food and beverages at a country club or private club.
Food and beverage at a company or hospital cafeteria.
Fountain drink from a fast food chain or movie theater.
Hot dog from a convenience store or pushcart.
Exemptions; limits on application:
A. The tax imposed under this article shall not be levied on the following items when
served exclusively for off-premises consumption:(1) Factory-prepackaged candy, gum, nuts and other items of essentially the same
nature.
(2) Factory-prepackaged donuts, ice cream, crackers, nabs, chips, cookies and items
of essentially the same nature.
(3) Food sold in bulk. For the purposes of this provision, a "bulk sale" shall mean the
sale of any item that would exceed the normal, customary and usual portion sold for
on-premises consumption (e.g., a whole cake, a gallon of ice cream); a bulk sale shall
not include any food or beverage that is catered or delivered by a food establishment
for off-premises consumption.
(4) Alcoholic and nonalcoholic beverages sold in factory-sealed containers.
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B. A grocery store, supermarket or convenience store shall not be subject to the tax
except for any portion or section therein designated as a delicatessen or designated for
the sale of prepared food and beverages.
C. The tax imposed hereunder shall not be levied on the following purchases of food
and beverages:(1) Food and beverages furnished by food establishments to employees as part of their
compensation when no charge is made to the employee.
(2) Food and beverages sold by day-care centers, public or private elementary or
secondary schools or food sold by any college or university to its students or
employees.
(3) Food and beverages for use or consumption and which are paid for directly by the
Commonwealth, any political subdivision of the Commonwealth or the United States.
(4) Food and beverages furnished by a hospital, medical clinic, convalescent home,
nursing home, home for the aged, infirm, handicapped, battered women, narcotic
addicts or alcoholics or other extended care facility to patients or residents thereof.
Food and beverage Tax Calculator:
Figuring out food and beverage tax are actually very simple if you know how. Most
businesses use some form of food and beverage tax calculator as food and beverage
tax are required to be charged to customers for most types of goods and in most states.
These calculators are usually pre-programmed with the food and beverage tax
percentage to enable the food and beverage tax to be calculated with the simple push
of a button. The food and beverage tax percentage, as well as which goods areactually taxed, varies from state to state.
Some states have food and beverage tax on food; others dont tax food but they do tax
everything else. Prices that you see at stores may or may not already include the food
and beverage tax. For instance, if you buy clothing, the food and beverage tax are
generally not included; however, if you buy gasoline, you probably know that the
food and beverage tax are already added into the price listed on the pump.
Calculating Food and beverage Tax:
Food and beverage tax are calculated by taking the total price of the product and
multiplying by the food and beverage tax percentage. You then take the results and
add it to the product price to get the total price for the product. For example, consider
a product that costs $1.00 and is purchased in a state with 6% food and beverage tax.
You would take $1.00 and multiply by 0.06 to come up with $0.06. You would then
would add the $0.06 to the $1.00, which would be $1.06, which would be the total
price for the product.
This site provides an online food and beverage tax calculator that can be used in twodifferent ways. On the first tab, you can enter the total price of you purchase, and then
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select which state you are purchasing those goods in. The calculator will inform you
of the food and beverage tax based on the food and beverage tax percentage for that
state. On the second tab of the food and beverage tax calculator, you can manually
enter the food and beverage tax percentage to come up with the correct results. Both
tabs use the same formula, but if you do not know what the food and beverage taxpercentage is for your state, you can simply select the state you live in to
automatically calculate the food and beverage tax.
Food and beverage Tax Differences With Different States:
It is very important that you select the correct state because every state has a different
food and beverage tax percentage. Some states tax everything that you buy. Others
dont tax food. Some states require merchants to collect food and beverage tax for
online food and beverage if they have part of their company or an affiliate in that
state. The items that are taxed vary widely. For instance, Michigan food and beveragetax are 6%. They do not tax food that you buy in a grocery store. But they do tax food
from a restaurant, such as McDonalds or Pizza Hut. If you are renting a hotel room,
you are also charged food and beverage tax.
Connecticut also charges a 6% food and beverage tax, however the Connecticut law
reads that food products for human consumption are exempt from food and beverage
tax, but there are exceptions to this. Beer, wine and liquor are taxed. Beverages, such
as soft drinks, that are dispensed from a fountain or a bar are also taxable. Items sold
in vending machines are exempt from food and beverage tax. Anything else that is notedible has food and beverage tax on it. Some candy is also taxable. There is also tax
on meals that you eat at restaurants or any prepared meal. It depends on what state
you are in as to how much food and beverage tax are applied and what it is applied to.
If you are selling things or buying things in several different states, you should be
aware of the food and beverage tax laws.
Cash registers can generally be programmed to account for these discrepancies in the
food and beverage tax law. Some cash registers require you to press one subtotal item
if the good is taxable and another if the good is not. Some newer systems know if
food and beverage tax needs to be charged or not based on the SKU of the item. It isimportant to know the individual food and beverage tax calculator laws for the state
you live or work in. States change the amount of food and beverage tax there is on
items from time to time, so it is important to keep up to date. Try our Food and
beverage Tax Calculator today!
Tax Liability Calculation:
Examples:
Total income of X Company is 20, 50,500 taka.
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X companys tax liability is given below:
Mr. X
Income Year: 2010-2011Assessment Year: 2011-2012
Calculation of Tax liability
Step Taka Rate Amount
1st 1,80,000 0% 0
Next 3,00,000 10% 30,000
Next 4,00,000 15% 60,000
Next 3,00,000 20% 60,000
Rest 8,70,500 25% 2,17,625
3,67,625
Findings:
Positive sight:
This system gain the property from person to person on legal way;
It provides legal documents on buy and sales ;
When it maintain the level of people living it maintain the society living scale
;
Increase the country welfare fund;
It helps the business sector to concern about food and beverage;
Maintain the rules and regulatory in food ad beverage business sector;
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Negative sight:
Tax requirement on food and beverage are not available;
Less awareness for low publicity;
Remain backward than other country;
Use of website are poor;
Govt. are unconcern to providing information;
Advantages:
Rise govt. fund
Increase well monitoring to all sectors by govt.
Increase the bindings with govt. and business holder
Capital use for public welfare
Disadvantages:
Avoid the tax fee for high rate
Hidden tax or indirect tax are effect the general people
Intentionally people want to avoid tax.
Conclusion:
The food and beverage industry includes a vast amount of venues. It is a very diverseindustry consisting of commercial operations and non-commercial operations.
Commercial operations can be classified as either part of the restricted market or the
general market. Examples of the restricted market would be some institutional
employee catering, or private clubs. These may also fall under the subsidized category
of either private or public ownership which may include employee catering or
institutional catering. These foodservice operations financial goal does not involve
generating profit from the sales of food and beverage product, and may also be called
institutional foodservice.
References:
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Annual report of tax policy on food and beverage in Bangladesh.
Bangladeshi Cuisine - Shawkat Osman - Google Boeken.
Bangladesh - Mariam Whyte, Yong Jui Lin - Google Books
Bangladesh - Stuart Butler - Google Books.
http://en.wikipedia.org/wiki/Food_and_Beverage . http://jessicamudditt.com/2011/07/10/special-report-supermarket-sob-story
http://www.ai.org/dor/3330.htm
http://www.americasfoodandbeverage.com
http://www.bls.gov/ooh/food-preparation-and-serving/food-and-beverage-
serving-and-related-
http://www.fsg.org/Portals/0/Uploads/Documents/PDF/Role_of_Food_and_B
everage_Sector_in_Eco
http://www.google.com
http://www.guardian.co.uk/money/2012/may/29/vat-what-how-much-why
http://www.irs.gov/irm/part4/irm_04-023-007.html
http://www.mass.gov/dor/individuals/taxpayer-help-and-resources/tax-
guides/meals-tax-guide.html
http://www.reuters.com/article/2012/10/19/us-obesity-who-industry-
idUSBRE89I0K62012http://www.wisegeek.com/what-does-a-food-and-
beverage-director-do.htm
http://www.thefreedictionary.com/tax
http://www.wakegov.com/tax/business/preparedfood/pages/default.aspx 1019
http://www2.dupont.com/food-beverage/en-us/fb/index.htm
Multicultural Handbook of Food, Nutrition and Dietetics - Google Books
Tax policy on food and beverage in Bangladesh.
Website: annual report of tax policy on food and beverage.
World and Its Peoples: Eastern and Southern Asia - Marshall Cavendish
Corporation - Google Books
http://books.google.com/books?id=XHNRPgAACAAJhttp://books.google.com/books?id=RFywfJunO1wC&pg=PA123&lpg=PA123&dq=Bangladeshi+cuisine&source=bl&ots=n6cb1GStoU&sig=xvd-EccnBml92J6h_qd3KRbXQe8&hl=en&sa=X&ei=CQw5UJG2FM3qiQK4yoGwDw&ved=0CC8Q6AEwADgK#v=onepage&q=Bangladeshi%20cuisine&f=falsehttp://books.google.com/books?id=pxcRDuFIYUsC&pg=PA40&lpg=PA40&dq=Bangladeshi+cuisine&source=bl&ots=DdE1OSAdcQ&sig=FYmkYbHzTDlAQ-dki4cM2Ifrn-M&hl=en&sa=X&ei=Qws5UImqCsWJiwKk1YDICA&ved=0CEkQ6AEwBQ#v=onepage&q=Bangladeshi%20cuisine&f=falsehttp://en.wikipedia.org/wiki/Food_and_Beveragehttp://www.ai.org/dor/3330.htmhttp://www.americasfoodandbeverage.com/http://www.bls.gov/ooh/food-preparation-and-serving/food-and-beverage-serving-and-related-http://www.bls.gov/ooh/food-preparation-and-serving/food-and-beverage-serving-and-related-http://www.fsg.org/Portals/0/Uploads/Documents/PDF/Role_of_Food_and_Beverage_Sector_in_Ecohttp://www.fsg.org/Portals/0/Uploads/Documents/PDF/Role_of_Food_and_Beverage_Sector_in_Ecohttp://www.google.com/http://www.guardian.co.uk/money/2012/may/29/vat-what-how-much-whyhttp://www.irs.gov/irm/part4/irm_04-023-007.htmlhttp://www.mass.gov/dor/individuals/taxpayer-help-and-resources/tax-guides/meals-tax-guide.htmlhttp://www.mass.gov/dor/individuals/taxpayer-help-and-resources/tax-guides/meals-tax-guide.htmlhttp://www.wisegeek.com/what-does-a-food-and-beverage-director-do.htmhttp://www.wisegeek.com/what-does-a-food-and-beverage-director-do.htmhttp://www.thefreedictionary.com/taxhttp://www.wakegov.com/tax/business/preparedfood/pages/default.aspxhttp://www.reuters.com/article/2012/10/19/us-obesity-who-industry-idUSBRE89I0K620121019http://www2.dupont.com/food-beverage/en-us/fb/index.htmhttp://books.google.com/books?id=b00t9YCAzagC&pg=PA74&lpg=PA74&dq=Bangladeshi+cuisine&source=bl&ots=fwlZxR3dYY&sig=H13MAe_SSjCkc4-nVjhogmjb-OI&hl=en&sa=X&ei=Qws5UImqCsWJiwKk1YDICA&ved=0CE4Q6AEwBg#v=onepage&q=Bangladeshi%20cuisine&f=falsehttp://books.google.com/books?id=5ZBaVhmRvCkC&pg=PA482&lpg=PA482&dq=Bangladeshi+cuisine&source=bl&ots=2yAzTKfr7f&sig=q7cuWcjpkHAPMkCWFdNde8OKoPY&hl=en&sa=X&ei=Qws5UImqCsWJiwKk1YDICA&ved=0CDwQ6AEwAg#v=onepage&q=Bangladeshi%20cuisine&f=falsehttp://books.google.com/books?id=5ZBaVhmRvCkC&pg=PA482&lpg=PA482&dq=Bangladeshi+cuisine&source=bl&ots=2yAzTKfr7f&sig=q7cuWcjpkHAPMkCWFdNde8OKoPY&hl=en&sa=X&ei=Qws5UImqCsWJiwKk1YDICA&ved=0CDwQ6AEwAg#v=onepage&q=Bangladeshi%20cuisine&f=falsehttp://books.google.com/books?id=XHNRPgAACAAJhttp://books.google.com/books?id=RFywfJunO1wC&pg=PA123&lpg=PA123&dq=Bangladeshi+cuisine&source=bl&ots=n6cb1GStoU&sig=xvd-EccnBml92J6h_qd3KRbXQe8&hl=en&sa=X&ei=CQw5UJG2FM3qiQK4yoGwDw&ved=0CC8Q6AEwADgK#v=onepage&q=Bangladeshi%20cuisine&f=falsehttp://books.google.com/books?id=pxcRDuFIYUsC&pg=PA40&lpg=PA40&dq=Bangladeshi+cuisine&source=bl&ots=DdE1OSAdcQ&sig=FYmkYbHzTDlAQ-dki4cM2Ifrn-M&hl=en&sa=X&ei=Qws5UImqCsWJiwKk1YDICA&ved=0CEkQ6AEwBQ#v=onepage&q=Bangladeshi%20cuisine&f=falsehttp://en.wikipedia.org/wiki/Food_and_Beveragehttp://www.ai.org/dor/3330.htmhttp://www.americasfoodandbeverage.com/http://www.bls.gov/ooh/food-preparation-and-serving/food-and-beverage-serving-and-related-http://www.bls.gov/ooh/food-preparation-and-serving/food-and-beverage-serving-and-related-http://www.fsg.org/Portals/0/Uploads/Documents/PDF/Role_of_Food_and_Beverage_Sector_in_Ecohttp://www.fsg.org/Portals/0/Uploads/Documents/PDF/Role_of_Food_and_Beverage_Sector_in_Ecohttp://www.google.com/http://www.guardian.co.uk/money/2012/may/29/vat-what-how-much-whyhttp://www.irs.gov/irm/part4/irm_04-023-007.htmlhttp://www.mass.gov/dor/individuals/taxpayer-help-and-resources/tax-guides/meals-tax-guide.htmlhttp://www.mass.gov/dor/individuals/taxpayer-help-and-resources/tax-guides/meals-tax-guide.htmlhttp://www.wisegeek.com/what-does-a-food-and-beverage-director-do.htmhttp://www.wisegeek.com/what-does-a-food-and-beverage-director-do.htmhttp://www.thefreedictionary.com/taxhttp://www.wakegov.com/tax/business/preparedfood/pages/default.aspxhttp://www.reuters.com/article/2012/10/19/us-obesity-who-industry-idUSB