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Revenue board says no to pharma companies’ plea for VAT rebate

Promotional gifts of the pharmaceutical companies to doctors, chemists, druggists and others along the trade line will no more be entitled to tax benefit, worth billions. Officials argue those are not raw materials (inputs) but pharmaceutical companies have obtained billions of taka in VAT rebate on the items for years. And the largesse includes even vehicles and many luxury items, they say.

Source: thefinancialexpress.com.bd

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