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VAT Pressure in FY25: Concerns of Inflation Rise and Revenue Generation Stakeholders

  • NBR plans to collect Tk2,40,000 crore from VAT and supplementary duties in FY25
  • Stakeholders concerned that increased VAT could raise inflation
  • VAT rates may increase in various sectors and new sectors in FY25
  • NBR considering imposing VAT on metro rail ticket prices
  • Concerns raised by Consumer Association of Bangladesh over plan to increase VAT
  • Inflation rate projected to be maintained at 6.5% in next fiscal year
  • Government may focus on debt control, boosting agricultural production, and expanding social safety nets to control inflation

Source: tbsnews.net

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.

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