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Bangladesh Plans to Lower Duties on Laptop Imports to Boost Software Industry

  • 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.

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