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Bangladesh NBR Exempts VAT on Locally Produced Edible Oils

  • NBR removed VAT on locally produced edible oils, including mustard, sunflower, rapeseed, canola, and rice bran oils.
  • VAT on rapeseed oil, colza seed oil, and canola oil production removed until June 30.
  • VAT on mustard oil production eliminated.
  • NBR removed VAT on trading of biscuits, salt, flour, semolina, chilli powder, coriander, turmeric, ginger, and pulse-based food grains.
  • VAT on LPG and natural gas removed at the trading stage, but not for importers selling directly to consumers.

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.

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