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Tags : value-added tax


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VAT increase: burden on middle class

A SIMPLE trip to the grocery store feels like a budgeting nightmare for the middle class. The recent increase in value-added tax and supplementary duty on over 100 items has triggered frustration and raised questions about whether the government is balancing its books at the expense of ordinary citizens...

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Scrapping of increased VAT, IMF deals demanded

Left-leaning political leaders, student leaders and activists on Thursday demanded that the interim government cancel the recently increased value-added tax and supplementary duty on more than 100 products and services...

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LPG price hiked after VAT structure change

The price of liquefied petroleum gas has been slightly raised following a change in the structure of the value-added tax by the National Board of Revenue, according to the Bangladesh Energy Regulatory Commission...

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Govt should walk back tax increase, resume truck sales

THE government鈥檚 having increased value-added tax and supplementary duty on more than a hundred products and services by way of two ordinances, promulgated on January 9, has rightly raised the call for the government to walk back the decision. The products and services that have become dearer include mobile talk time, internet usage, biscuit...

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Govt must act to clear tax case backlog to increase revenue

AN AMOUNT of Tk 800 billion in revenue having been stuck because of about 30,000 cases pending with the Supreme Court, tax appeals commissioners and tax appellate tribunals largely suggests indifference, if not negligence, on part of government authorities. The cases involve, as revenue board statistics show, Tk 403.89 billion in 11,007 cases related to income tax...

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