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NBR Reverses VAT Hike on Restaurants After Protests, Keeping Rate at 5%

  • NBR reverses VAT hike on restaurants, keeping rate at 5%
  • Bangladesh Restaurant Owners Association protests nationwide
  • 3,000 restaurant owners and workers gather in front of NBR building
  • NBR decides to reconsider VAT increase before protest
  • BROA awaits official gazette regarding VAT reversal
  • NBR seeks association’s cooperation in increasing revenue
  • Government increased VAT on restaurants from 5 to 15 percent
  • BROA calls government’s decision “irresponsible” amid inflation
  • Press conference organized by BROA demanding withdrawal of VAT hike

Source: bdnews24.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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