Finance Advisor clarifies reason behind VAT hike
Finance Advisor clarifies reason behind VAT hike

Finance Adviser Dr Salehuddin Ahmed clarified why VAT on various products was increased at the start of the year instead of raising it through the budget. He stated In the July-August uprising, individuals who were seriously injured in the anti-discrimination student movement were given 35 lakh...

VAT hike for auto workshops cancelled
VAT hike for auto workshops cancelled

The National Bureau of Revenue (NBR) on Monday announced that it has cancelled the decision to hike VAT on auto workshops and motorbike repairing garages by 5 percent to 15 percent, meaning the previous 10 percent VAT rate will be reinstated. It was the governments latest retreat from a decision...

Restaurant owners criticize VAT hike Plan, threaten strike
Restaurant owners criticize VAT hike Plan, threaten strike

The Bangladesh Restaurant Owners Association (BROA) criticized the governments plan to increase Value Added Tax (VAT) amid the current high inflation, stating that it would directly impact the general people. The leaders of the association issued the warning at a press conference held at a hotel...