- Local manufacturers like refrigerator, AC, mobile set, and LPG cylinder may get costlier due to tax hikes
- VAT on manufacturing of air conditioners, refrigerators, and mobile-phone sets may increase in the upcoming fiscal year
- VAT on liquefied petroleum gas (LPG) cylinder manufacturers may also see a hike
- The NBR is phasing out protective tariffs to prepare for Bangladesh’s graduation to a middle-income country in 2026
- Multiple rates of VAT affect small and medium enterprises
- Mobile-phone manufacturers/assemblers are currently subject to paying 2.0-percent VAT
- Manufacturers of LPG cylinder are paying VAT at a cut-down rate of 7.5 per cent
- Surgical items may also see a tax hike at local stages in the upcoming fiscal year
- The government is aiming to enhance the country’s tax-GDP ratio through fiscal reforms
- The government has extended the VAT-exemption facility for production of electronic equipment until June 30, 2026.
Source: thefinancialexpress.com.bd
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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