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Finance Adviser: No correlation between VAT hike and dearness allowance provision in Bangladesh

  • Finance Adviser Dr Salehuddin Ahmed stated there is no link between VAT increase and dearness allowance
  • Bangladesh has low tax rates compared to other countries, limiting revenue for comprehensive services
  • Recent VAT increase on eyeglasses was defended by the adviser
  • He highlighted the need for realistic expectations due to low tax revenue
  • The adviser emphasized the importance of finding areas to increase revenue
  • He mentioned the need for more economical government spending and completion of projects on time

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.

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