Monday 13th of October 2025
|
|
|
Headlines : * Nationwide typhoid vaccination campaign continues across country   * Pakistan shuts border with Afghanistan after deadly clashes   * MPO teachers to launch indefinite strike from Monday   * Trump, Sisi to chair Gaza peace summit in Egypt   * Unity Is the Only Path to National Welfare : Dr. Bablu   * Argument in crimes against humanity case against Hasina begins Sunday   * July National Charter signing rescheduled to Oct 17   * BNP Has No Alternative in Building a Prosperous Nation : Jinnah Kabir   * BNP Has No Alternative in Building a Prosperous Nation : S.A. Jinnah Kabir   * BNP Has No Alternative in Building a Prosperous Nation : S.A. Jinnah Kabir  

   Business
Govt reviewing VAT on some essential items which affect people: Dr Salehuddin
  Date : 16-01-2025

Finance Adviser Dr Salehuddin Ahmed today said that the government is reviewing the issue of VAT rates, increased recently on some essential items and sectors like medicine and restaurants, as those affect the common people, reports BSS.

“The government has increased VAT on some items like ISP, phone, foreign imported juice which not many people buy and those do not impact so much. Despite this, the government has reviewed today and is also reconsidering the issue on some items and it will be made public once finalized,” he said.

The finance adviser was replying to the queries of reporters after chairing two separate meetings on the Advisers Council Committee meeting on Economic Affairs and Government Purchase held at the Cabinet Division Conference Room at Bangladesh Secretariat today.

He said that the impact on prices has occurred due to VAT to some extent, but on the whole it is due to manipulation on the supply chain.

“We’ll review VAT again on some essential items like medicine, restaurants alongside some other items. On the whole, the issue of VAT would be reconsidered on the basic essential items which affect the common people,” he added.

Answering to a question, he said that the imposed VAT on clothes would also be reviewed.

Asked about his recent participation in the Board of Governors meeting of the Islamic Development Bank (IsDB) held in Saudi Arabia, the adviser said that usually the IsDB supports Bangladesh in purchasing fuel oil and gas.

“We’ve proposed them to support Bangladesh in purchasing fertilizer also. They have agreed in principle and we’ll talk further…I have proposed and the IsDB officials have agreed. More talks will take place in this regard,” he added.

Replying to another question about the impact of imposing VAT on many items on the business community, he said it is not possible for the Ministry of Finance to take care of everything.

“About the issue of VAT, we’ll reduce it to some extent on some items,” he added.

The National Board of Revenue (NBR) has recently issued a notification making new rates of VAT and SD on items such as mobile phone usage, internet, tissue, grapes, apples, melons, readymade clothes, restaurants, sweets, LP gas, spectacles, and hotels effective.



  
  সর্বশেষ
Ensuring Farmers Face No Difficulties: Rita
Implementation of 31-Point Program Essential for Building a Developed and Prosperous Nation — Payel
School Student Stabbed to Death by Miscreants in Manikganj
Information officers must act uncompromisingly against rumors, disinformation: Info Sec

Chief Advisor: Md. Tajul Islam,
Editor & Publisher Fatima Islam Tania and Printed from Bismillah Printing Press,
219, Fakirapul, Dhaka-1000.
Editorial Office: 219, Fakirapul (1st Floor), Dhaka-1000.
Phone: 02-41070996, Mobile: 01720090514, E-mail: [email protected]