The tax administration issued a notification in this regard yesterday, which was made public today
NBR said it has slashed VAT on ready-made clothes, restaurants, sweets, non-AC hotels and motor workshops and mostly restored to the previous levels
The National Board of Revenue is set to revise down the value-added tax (VAT) and supplementary duty (SD) on a number of items including mobile phone usage, internet services, medicine, clothes and restaurants as public outcry became deafening.
The recent VAT hike on clothing in Bangladesh strains businesses, consumers, and designers, especially with Eid approaching. Alternative measures like taxing luxury items or offering subsidies could have balanced revenue generation and economic sustainability more effectively.
NBR issues a notification moments ago
Aiming to encourage e-return filing and reduce hassles, taxpayers will no longer be required to submit hard copies related to value-added tax (VAT) returns to the VAT office if they file an e-return, the National Board of Revenue (NBR) said.
NBR also exempted VAT at production and trading of the highly import-based edible oil
Tour operator services, which include hotels and resorts as well as tour guides, may also no longer enjoy a 15 percent VAT exemption.
Dhaka is one of the most unliveable cities in the world, which does not go hand-in-hand with the progress made by the country, says the road transport and bridges minister
The High Court stays for six months a government decision that imposed 7.5 percent VAT on tuition fees of English medium students.
About 29 people are injured after anti-VAT demonstrators and Titumir College Chhatra League activists scuffle at Kakoli today.
Students pursue mass protests in Dhaka and put road blockades along key points in the capital, severely disrupting traffic in strike against 7.5 percent VAT on private university tuition fees. They say protests will continue until the VAT is withdrawn.
Association of Private Universities of Bangladesh (APUB) calls upon the government to reconsider its decision to impose VAT on the universities.
Traffic problems reaches acute levels in Dhaka after road blockades were set up at several key points by demonstrating public university students.
Private university students hit the streets across Dhaka demanding withdrawal of the 7.5 percent VAT imposed on tuition fees - a day after police opened fire on East West University students demonstrating on the same demand.
East West University students clash with police during demonstration protesting VAT on tuition fees. Badda-Rampura road blockaded for half-an-hour.
Education is both a human right in itself and an indispensable means of realising other human rights.
Education is not the right area to impose VAT.
Some eminent citizens over a BBC programme have urged the government to lift VAT from private universities. The private universities, according to the relevant Act, are supposed to be run on a non-profit basis.
