- VAT on air conditioners and refrigerators at the production stage would be cut from 15% to 7.5%, extended through 2030.
- VAT on mobile SIM card sales may change from a fixed BDT 300 to 15% of the transaction price.
- Gold would shift from a 5% VAT to a fixed BDT 2,500 per bhori, while gold jewellery source tax would fall from 5% to 0.5%.
- VAT and import-stage taxes would be reduced or removed for several industrial and healthcare inputs, including medicine raw materials, pesticide raw materials, and some manufacturing materials.
- VAT would rise on some products, notably steel (from BDT 150 to BDT 350) and domestically produced alcoholic beverages (BDT 500 per litre).
Source: regfollower.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"
- Gold Prices May Drop as Specific VAT Proposed on Jewellery Sector
- Govt to Slash VAT and Taxes on Imported Fertilisers and Pesticides
- Bangladesh to Make VAT Registration Mandatory for Most Businesses in Budget Reforms
- NBR Sets 30 June Deadline for Businesses to Join e-VAT System
- NBR Sets 30 June Deadline for Businesses to Join e-VAT System
