Hypo Alpe Adria Bank guarantee, offered a debt hair-cut to buy the senior bonds for 75% face value and 30% face value for subordinated bonds. On 4 August 2016, a private equity fund advised by Bain Capital purchased Heta Asset Resolution Italia S.r.l. (former Hypo Alpe-Adria Leasing S.r.l.) from Heta. During the year, Financial Market Authority also made a debt hair cut using the power as a resolution authority of EU "Bank Recovery and Resolution Directive", making the bad bank had a positive equity for the first time. Hypo Alpe Adria Bank Heta Asset Resolution A.G. is a "bad bank" that was the residual
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,