BRMCA for withdrawal of SD on stone imports
BRMCA for withdrawal of SD on stone imports

Additional 10 percent supplementary duty (SD) on stone import is affecting the ready-mix concrete industry. Due to the additional duty, the cost in importing stones has been increased by 300-350 taka per ton, resulting in an increase in the price of ready-mix concrete by about 25-30 taka per...

Govt's VAT, SD hike on 100+ products suicidal
Govt's VAT, SD hike on 100+ products suicidal

Dhaka Chamber of Commerce and Industries (DCCI) President Taskin Ahmed has urged the government to reduce expenses by 20% to save Tk50,000 crore and avoid burdening businesses with increased value added tax (VAT), supplementary duty (SD), and gas prices, reports UNB. Speaking at a press event in...

VAT, supplementary duty increased on over hundred goods, services
VAT, supplementary duty increased on over hundred goods, services

The interim government has increased the value added tax (VAT) and supplementary duty in the middle of the 2024-25 fiscal year, resulting in a rise in the cost of living. National Board of Revenue on Thursday has issued two ordinances in this regard, they are value added tax and...

Higher VAT to add pressure on industries
Higher VAT to add pressure on industries

The interim governments decision to increase VAT on 65 itemsincluding medicine, powdered milk, biscuits, juice, fruits, soap, and sweetsmidway through the 202425 fiscal year has sparked outrage among businessmen. Stakeholders expressed frustration over the lack of prior consultation, warning...