- Bangladeshi government considering reducing duties on laptop imports
- Aim is to make laptops more affordable for freelancers and students, and support software manufacturing industry
- Currently importers pay 31% in import tariffs and taxes, including 5% customs duty
- National Board of Revenue plans to reduce total duty and taxes to 21% for next fiscal year
- Proposal includes increasing import duty to 10% and exempting 15% VAT at import stage
- Finance Minister expected to unveil plan on 6 June with budget for fiscal year 2024-25
Source: regfollower.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"
- Mobile Operators Urge VAT Exemption on Spectrum Fees to Boost Investment and Align with Global Norms
- NBR to Launch QR Code System on Packaged Goods to Prevent VAT Evasion
- Bangladesh plans to Implement Uniform 15% VAT Rate Across All Sectors
- Businesses Face Persistent Challenges with Online VAT Return System, Seek NBR Action
- Bangladesh Plans Uniform 15% VAT for All Sectors, No Compromise on Advance Income Tax
