- NBR seeks to impose 15% VAT on metrorail tickets from July
- Currently, there is a VAT waiver on metrorail tickets until June 30
- NBR wants to reduce tax rebates as per IMF terms
- Discussion ongoing at policy-making level about VAT imposition
- Metrorail is fully air-conditioned and considered public transport
- Metrorail authorities have opposed the proposal to impose VAT on tickets
- Pressure on VAT department to increase tax collection
- Analysts, including PRI executive director, believe VAT should not be levied on metrorail tickets
Source: en.prothomalo.com
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"
- 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
- Bangladesh Faces VAT Shortfall, Corruption, and Declining Tax-to-GDP Ratio, Urgent Reforms Needed
- NBR and BTRC Dispute Over VAT Audit of Telecom Operators Continues Unresolved