- Finance Adviser Dr Salehuddin Ahmed stated there is no link between VAT increase and dearness allowance
- Bangladesh has low tax rates compared to other countries, limiting revenue for comprehensive services
- Recent VAT increase on eyeglasses was defended by the adviser
- He highlighted the need for realistic expectations due to low tax revenue
- The adviser emphasized the importance of finding areas to increase revenue
- He mentioned the need for more economical government spending and completion of projects on time
Source: dhakatribune.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"
- 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
