Friday, 7 May, 2021, 7:26 AM
latest
Home Business

4% advance tax on soybean, palm oil withdrawn

Published : Sunday, 11 April, 2021 at 3:15 PM  Count : 365

4% advance tax on soybean, palm oil withdrawn

4% advance tax on soybean, palm oil withdrawn

The government has withdrawn 4 percent advance tax on import of unrefined soybean and palm oil keep the prices of the essential commodities at reasonable level during Ramadan.

The VAT policy wing of NBR issued a Statutory Regulatory Order on Sunday in this regard.

The order said 4 percent advance tax (AT) on import of the crude soybean and palm oil has been waivwd in order to control the market of the edible oil.

But, only VAT-registered companies will get the advantage, said NBR.

LY


Related Topics

edible oil  




« PreviousNext »



Latest News
Most Read News
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone: PABX 2223353467, 2223353469; Online: 9513959; Advertisement: 9513663.
E-mail: [email protected], [email protected], [email protected], [email protected],   [ABOUT US]     [CONTACT US]   [AD RATE]   Developed & Maintenance by i2soft