Economic Adjustment Programme for Cyprus be saved and transferred to Bank of Cyprus (BoC), while shareholder capital would be written off, and the uninsured deposits above €100,000 – along with other creditor claims – would be lost to the degree being decided by how much the receivership subsequently can recover from liquidation of the remaining bad assets. As an extra safety measure, uninsured deposits above €100,000 in BoC will also remain frozen until a recapitalisation has been implemented "(with a possible imposed haircut if this is later deemed needed to reach the requirement for a 9% tier 1 capital ratio)". The targeted closure of Laiki
Value Added Tax in Bangladesh Value Added Tax in Bangladesh Value Added Tax (VAT) in Bangladesh is an indirect consumption tax which is ultimately paid by consumers or buyers on their purchases of goods and services. VAT is imposed at each stage of the production-supply chain based on the value added to the product at that stage. The end consumer ultimately pays the VAT. The National Board of Revenue is the apex organization administering the Value Added Tax on imports and domestic transactions. The National Board of Revenue (NBR) was established according to the direction of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman,