- NBR cancels VAT hike for auto workshops
- Decision to hike VAT on auto workshops and motorbike repairing garages by 5% to 15% cancelled
- Previous 10% VAT rate will be reinstated
- Government retreated from decision to hike VATs on 100 products and services
- Concerns about hikes stoking inflation led to cancellations and reductions in VAT hikes for various items
Source: daily-sun.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
