- Bangladesh lost Tk 1.88 trillion in VAT evasion and exemptions in FY23
- Study presented by the Centre for Policy Dialogue in Dhaka
- Effective VAT rate found to be 11.7 percent
- NBR collected Tk 1.32 trillion in VAT, potential was Tk 3.2 trillion
- Gap due to evasion and exemptions
- Standard VAT rate is 15 percent, many exemptions exist
- Study involved 123 companies in Dhaka and Chattogram, 389 businesses nationwide
- 72 percent of companies cited corruption among tax officials as a major challenge
- 82 percent reported an unfair tax rate, 79 percent noted lack of accountability
- CPD faced challenges in obtaining data from NBR for 2025 analysis
Source: bdnews24.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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