Income tax II in 1188 to raise money for the Third Crusade. The tithe demanded that each layperson in England and Wales be taxed one tenth of their personal income and moveable property. The inception date of the modern income tax is typically accepted as 1799, at the suggestion of Henry Beeke, the future Dean of Bristol. This income tax was introduced into Great Britain by Prime Minister William Pitt the Younger in his budget of December 1798, to pay for weapons and equipment for the French Revolutionary War. Pitt's new graduated (progressive) income tax began at a levy of 2 old
Value Added Tax in Bangladesh by the 76th Presidential Order in 1972. Before 1991, the three major sources of revenue collected by the National Board of Revenue were customs duty, excise duty and income taxes. The value added tax (VAT) was introduced in Bangladesh in 1991. Since then, the scope of excise duties has reduced and at present VAT constitutes the major part of total revenue collected by the National Board of Revenue. Value-added tax in Bangladesh was introduced in 1991 replacing Sales Tax and most Excise Duties. The Value Added Tax Act, 1991 was enacted that year and VAT started from 10 July 1991.