- VAT increase on mobile handsets expected to raise prices
- Aim is to prevent VAT evasion and boost government revenue
- Proposed budget for 2025-2026 includes a 2.5 percentage point VAT increase
- Local producers and importers face higher VAT rates
- Current VAT rates of 5% and 7.5% to rise to 7.5% and 10%
- Industry insiders express concern over increasing VAT pressure
- Potential negative impact on mobile phone sales
- Economists warn of hindered access to digital services for low-income individuals and students
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"
- VAT Waiver on Vessel Imports: Opportunity for Growth with Rigorous Compliance Conditions
- 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
