Meta to deal directly with advertisers in Bangladesh

Meta, the parent company of Facebook, has decided to stop using Httpool as its authorized sales partner in Bangladesh from July 2024. Instead, Meta will interact directly with advertisers in the country. This move has raised concerns among businesses about potential difficulties in ensuring compliance with VAT and tax regulations when advertising directly with the global tech giant. Previously, Httpool facilitated local currency transactions and tax payments for Facebook advertising in Bangladesh. Photo: Reuters