- NBR expects Tk 113 billion additional VAT in FY25
- Big chunk to come from tobacco and at-source VAT on retail businesses
- Revenue board estimates additional VAT without new exemptions for businesses
- Tk 60 billion projected from tobacco sector due to cigarette price hike
- Tk 18 billion estimated from cellphone users in VAT
- Excise duty hike from bank depositors may collect Tk 10 billion in taxes
- Beverage sector, ice-cream, brick businesses, air-condition, and refrigerator to contribute to tax revenue
- Additional Tk 20 billion in VAT estimated from new fiscal measure on VAT deducted at source
- Businesses with Tk 100-million annual turnover to deduct VAT on procurement of goods and services from July 2024
- VAT collection target for FY25 set at Tk 1.77 trillion
- Uniform VAT rate of 15% implemented in many products and businesses
- Government aims to mobilize domestic revenue by cutting VAT exemptions
- Recent report outlines VAT expenditure in Bangladesh
Source: today.thefinancialexpress.com.bd
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.
