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Bangladesh Plans to Increase VAT on SIM Cards in 2024/25 Fiscal Year Budget

  • Bangladesh proposes increasing VAT on SIM/eSIM cards from BDT 200 to BDT 300
  • Supplementary duty on SIM-enabled telecommunication services raised to 20% from 15%
  • Minister of Finance, Abul Hassan Mahmood Ali, announced the changes during the budget speech
  • The proposed budget for the fiscal year 2024/25 was presented in Parliament on June 6, 2024

Source: regfollower.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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