- GM Quader criticizes government for imposing new VAT
- Describes decision as cruel and harsh
- Urges government to reconsider due to dire economic situation
- Highlights increasing unemployment and inability to afford medical treatment
- Mentions challenges of high inflation, soaring dollar rates, and excessive interest rates
- Suggests reducing unnecessary expenditures instead of raising taxes
- Calls for decisions in the best interests of common people
- Government increased VAT on over a hundred goods and services
- Two ordinances issued in connection with the VAT increase
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.
Latest Posts in "Bangladesh"
- NBR Expands Customs, VAT Wings and Splits into Two Divisions to Boost Revenue and Tax Base
- NBR Unveils Major Customs and VAT Reforms to Expand Tax Net and Boost Revenue Collection
- NBR Finalises Draft VAT Rules, Introduces Online Payment and Registration System
- Bangladesh Exempts Bonded Exporters from VAT on Local Procurement to Boost Competitiveness
- NBR Simplifies VAT Rules for Deemed Exports to Boost Local Suppliers
