Govt withdraws VAT on laptops at import stage

The government has made some changes to the duty structure for importing laptops in order to make the devices more affordable and bring relief to freelancers and students.

Read more

What gets cheaper, what gets costlier

The government plans to increase import duty of laptops from 5 percent to 10 percent and at the same time wants to withdraw value-added tax.

"This will reduce the total tax burden from 31 percent to 20.50 percent," Finance Minister Abul Hassan Mahmood Ali said.

Read more

Education allocation raised by 7.42pc

In order to implement the Smart Bangladesh vision, the government wants to make laptops available to domestic consumers and rein in import of fake or refurbished laptops, he said.

The move aims to boost freelancing and support the software manufacturing industry, he added.

Currently, importers are required to pay a total of 31 percent in import tariffs and taxes, including 5 percent as customs duty.