AC, refrigerator set to be costlier
Flat 7.5% VAT imposed on these appliances
The government has proposed imposing a 7.5 percent value added tax (VAT) on air conditioners and a 7.5 percent VAT on refrigerators and freezers.
At present, there is no VAT on air conditioners (AC) while it is 5 percent for refrigerators and freezers.
For all latest news, follow The Daily Star's Google News channel. Accurate market data on AC sales is hard to come by. Manufacturers and retailers estimate that 530,000 units were sold in 2023, increasing sharply from 330,000 units in 2022.
The sales have been growing at a double-digit rate for the last eight years.
The overall annual market sales for refrigerators in Bangladesh amounts to about Tk 15,000 crore, according to industry players.
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