In an effort to make this essential commodity more affordable for consumers, the National Board of Revenue (NBR) has the specific import duty on both raw and refined sugar.
While the specific import duty has been halved, other import taxes, including VAT and regulatory duty on sugar imports, remain unaltered.
Additionally, a 30% regulatory duty, a 15% VAT, and a 2% advance income tax still apply to sugar imports.
Source: businesspostbd.com
Latest Posts in "Bangladesh"
- Businesses Face Persistent Challenges with Online VAT Return System, Seek NBR Action
- Bangladesh Plans Uniform 15% VAT for All Sectors, No Compromise on Advance Income Tax
- Balancing VAT Reduction: Ensuring Consumer Relief Without Compromising Government Fiscal Stability
- Bangladesh Plans to Remove Most VAT Exemptions, Sparing Only Poorest 40%
- NBR Extends e-VAT Return Filing Deadline to April 23 Due to Holidays, Technical Issues
