- NBR exempts VAT on essential goods during Ramadan.
- VAT exemption applies to rapeseed oil, colza seed oil, canola oil, mustard oil, biscuits, salt, flour, semolina, ground chili, coriander, turmeric, ginger, rice bran oil, sunflower oil, pulses, and pulse-based food grains.
- VAT exemption for LPG and natural gas at the business stage with specific conditions.
- VAT exemption does not apply to imported goods sold directly to consumers.
- To avail the exemption, businesses must be VAT registered, issue invoices, maintain registers, and submit monthly VAT returns.
Source: observerbd.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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