Revenue derived from value added tax is 36.5 per cent of total revenue of the country while revenue from personal income tax and corporate income tax together account for 36.8 per cent, said a study on Thursday.
The study identified revenue collection as regressive taxation system that is giving high-income people some respite from tax, but is making low-income people poorer with the burden of VAT.
Source: www.newagebd.net
Latest Posts in "Bangladesh"
- Bangladesh Exempts VAT on Large Vessel Imports to Boost Trade and Employment Opportunities
- Government Grants VAT Exemption on Import of Large Sea-Going Vessels
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
- Bangladesh Loses Tk 1.88 Trillion to VAT Evasion and Exemptions in FY23, Study Reveals
