- Superstores must sell products at the printed retail price, which includes 15% VAT.
- Customers will not pay additional VAT.
- Superstore owners will pay VAT on their value addition and claim input VAT credits.
- The new rule eliminates previous VAT rates on superstore shopping, which ranged from 1.5% to 7.5%.
- The NBR is reviewing the list of essential goods to ensure consumers do not pay additional taxes.
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.
