Reduced flat VAT rate for all, says Muhith

25 May,2017

Dhaka, BdChronicle:

Reiterating that the proposed rate of value added tax (VAT) will be reduced, Finance Minister AMA Muhith on Sunday said a flat rate will be introduced for all.

He made the remarks while talking to reporters after his pre-budget meetings with two trade bodies -- Dhaka Chamber of Commerce and Industry (DCCI) and Bangladesh Insurance Association (BIA) -- at the Finance Ministry conference room.

Muhith’s assurance came amid demands from different trade and chamber bodies to reduce the VAT rate.

At present, there is a variable VAT rate for different sectors with the highest range being 15 percent.

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