- VAT and supplementary duty on nearly 100 items increased in Bangladesh despite inflation concerns
- New tax rates affect a wide range of goods and services including mobile phone usage, internet, various foods, clothing, and hotel services
- VAT on some items has risen from as low as 5 percent to 15 percent
- Industrial items like electric transformers and steel products also see VAT increase to 15 percent
- Medicine VAT raised at the trading stage, and VAT on services like printing and cinema tickets increased
- Excise duty on airfares increased, leading to higher costs
- Significant rise in supplementary duty on mobile phone usage, affecting overall charges
- Broadband internet services face a 10 percent supplementary duty increase
- Local business leaders and consumer advocates express concerns over the impact on costs and service quality
- Consumers Association of Bangladesh criticizes the mid-year tax hike as unprecedented and burdensome
Source: asianews.network
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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