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Bangladesh Government Proposes VAT Increase on Light Bulbs and Tube Lights to 15%

  • Bangladesh government previously exempted local electronics sector from VAT
  • Proposed increase in VAT on energy-efficient bulbs and tube lights
  • Finance Minister proposed increasing VAT from 5% to 15%
  • Rumors of government withdrawing exemptions for electronics sector in upcoming fiscal year
  • Potential increase in VAT on LED bulbs, tube lights, air conditioners, and refrigerators

Source: regfollower.com

 


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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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