- NBR plans to hike VAT on locally manufactured electronics goods
- Items affected may include refrigerators, air coolers, mobile phones, and LPG cylinders
- Juice production may face a flat 15% VAT rate
- Increase in VAT and supplementary duty on sugary juices and tobacco products
- Consumers and industry insiders oppose the plan due to inflation concerns
- Health experts support the plan regarding sugary items and tobacco products
- Current VAT rates for refrigerators, mobile phones, and sugary beverages
- Possible increase in VAT rates for air conditioners, refrigerators, mobile handsets, and LPG cylinders
- NBR Chairman hints at reducing tax exemptions for mature industries
- Consumer costs may rise due to increased indirect taxes
- Businesses may transfer tax burden to consumers
- Fair Group expresses concerns about passing on tax hike costs to consumers
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.
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
