The National Board of Revenue (NBR) in Bangladesh halved the VAT on biscuits to 7.5%, responding to business owner concerns that the previous 15% rate burdened low-income consumers and made affordable production difficult. This reduced VAT applies to biscuits and cakes priced above certain thresholds, aiming to alleviate the impact of a prior VAT increase.
Source: dhakatribune.com
Source: Daily Observer
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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