- NBR restores previous 5% VAT for restaurant sector
- VAT rate for restaurants was increased from 5% to 15% on January 9
- NBR decided to revert VAT rate back to 5%
- Order regarding VAT rate change to be issued soon
- Decision made after appeal from Bangladesh Restaurant Owners’ Association
- Increase in VAT rate led to public outcry and threats of protests
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.
