- The Bangladesh government has exempted the 7.5% VAT on importing sea-going vessels over 5,000 DWT to boost procurement, foreign exchange earnings, and employment. This decision was made at the Advisory Council meeting led by Chief Adviser Professor Muhammad Yunus. The meeting also addressed Bangladesh’s stance on the Palestine issue, with Foreign Affairs Adviser Md Touhid Hossain set to present at international conferences. Additionally, the progress of various reform commissions was discussed, highlighting significant ongoing reforms across sectors like banking, energy, and labor. The labor sector has seen many recommendations implemented, with further changes pending labor law amendments.
Source: newagebd.net
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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