- Persons or units with annual turnover exceeding BDT100m will be taxable persons for value-added tax
- 15% VAT rate will apply to auction services, mechanical laundry services, security services, and lottery ticket sellers
- VAT exemption for tour operator services will be withdrawn
- 7.5% VAT rate will be introduced on air conditioners, fridges, and freezers at local manufacturing stage
- VAT exemption for imported aircraft engines and spare parts of propellers to support domestic airlines
- Various value-added tax relief measures announced to support telecoms industry development
Source: vitallaw.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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