- Small businesses facing tougher times with lowered VAT threshold
- NBR lowered VAT registration and turnover tax thresholds
- VAT and supplementary duty raised on over 100 products and services
- Move seen as attempt to increase falling revenue collection and meet IMF conditions
- Businesses and economists criticize timing of decision
- Impact on small businesses with new tax criteria explained
- Concerns raised about burden on consumers and businesses due to high inflation
- Inflation rate in December 2024 slightly eased to 10.89 percent
Source: thedailystar.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.
