- The Energy and Mineral Resources Division requested the National Board of Revenue to impose a 10% VAT on imported LPG, replacing the current 15% exemption.
- The division also proposed waiving the 7.5% VAT and other business-stage taxes on domestically produced LPG.
- The move aims to address an LPG supply crunch, as 98% of Bangladesh’s LPG is imported and demand rises in winter.
- The LPG Operators Association of Bangladesh advocated for zero percent VAT on imports but agreed with the advisory council’s discussion.
- Implementation will depend on a joint assessment of consumer price impacts, as recommended by the advisory council.
Source: en.bonikbarta.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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