- NBR considering imposing 15% VAT on metro rail tickets starting from July
- Proposal would end VAT exemption period for metro rail users
- Decision aligns with IMF directives to reduce taxes
- Negotiations ongoing between NBR and authorities, further talks scheduled after Eid
- Metro rail fares range from Tk 20 to Tk 100, noticeable increase expected if VAT imposed
- NBR has been pushing for VAT on metro tickets since 2023
- Metro rail network spans 16 stations from Uttara to Motijheel, expected to accommodate 60,000 passengers per hour
- Project cost has escalated to approximately 33 thousand 472 crores
- Concerns raised about affordability of public transportation for ordinary citizens
- Fate of metro rail fares uncertain as discussions continue between NBR and stakeholders
Source: en.somoynews.tv
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Bangladesh"
- Bangladesh Enables Large Corporate Tax, VAT Payments Digitally via bKash and Other Mobile Services
- NBR Enables Corporate Tax, VAT Payments via bKash and Other Mobile Financial Services
- NBR Honours Top VAT Paying Businesses and Reporters to Promote Tax Compliance and Awareness
- Energy Ministry Urges VAT Cut on LPG Imports to Tackle Supply Crisis and Price Hikes
- Energy Division Seeks 10% Import VAT, Local Production Exemption for LPG to Ease Supply Crisis
