- NBR aims to collect an additional Tk11,450 crore in VAT from six major sectors
- Sectors targeted include tobacco, mobile phone talk time and internet use, excise duty on bank deposits, sugary items, VAT deduction at source, and electronic items
- Target for FY25 is Tk1,77,000 crore, up from Tk1,51,700 crore in FY24
- NBR plans to collect Tk6,000 crore from tobacco, Tk1,800 from mobile phone services, Tk1,000 from bank deposits, Tk400 from air conditioners and refrigerators, Tk250 from sugary items, and Tk2,000 from VAT at source
- Consumers may bear burden of increased VAT target through higher prices on goods
- Consumer representatives oppose raising VAT, citing it as an indirect tax that affects consumers disproportionately.
Source: tbsnews.net
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.
