Dhaka Chamber of Commerce & Industry proposes a uniform single-digit VAT, 1% VAT for informal traders, and various tax reforms including reduced rates, simplified structures, and automation. They advocate for widening the tax net, protecting local industries, and raising the tax-free income limit. NBR acknowledges the need for revenue policy reforms and expanded taxpayer contributions.
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.
Latest Posts in "Bangladesh"
- Bangladesh Exempts VAT on Large Vessel Imports to Boost Trade and Employment Opportunities
- Government Grants VAT Exemption on Import of Large Sea-Going Vessels
- NBR Halts Manual VAT Audits to Prevent Corruption, Plans Automated System Implementation
- Understanding Tax Refund Limitations: Legal and Erroneous Payment Criteria Under the Tax Code
- Bangladesh Loses Tk 1.88 Trillion to VAT Evasion and Exemptions in FY23, Study Reveals