- Government raises VAT and duties on over 100 items
- Two ordinances issued on Thursday night to implement changes
- Ordinances include Value Added Tax and Supplementary Duty Amendment Ordinance 2025 and Excise and Salt Amendment Ordinance 2025
- Changes made effective immediately by the VAT division of the National Board of Revenue
- Increase in costs of goods and services expected to raise daily living expenses
- Supplementary duty on mobile services increased, affecting costs of calls and internet
- Clothing, dining out, and prices of various products like sweets and medicines to rise
- Previous 20% duty on mobile SIM or RIM cards now increased to 23%
- VAT on branded clothing and restaurant bills increased significantly
- List of items with higher duties expanded to include fruits, nuts, eyewear, electrical items, and travel taxes
- Measures approved by the interim government’s advisory council on January 1
- Approval from Ministry of Law, Chief Advisor, and President obtained before issuing ordinances
- Tax and duty increases implemented through ordinances due to absence of national parliament
- Decision linked to conditions for securing IMF loans
Source: dhakatribune.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.
