15% VAT on import of software proposed

Published : Thursday, 1 June, 2023 at 5:37 PM Count : 754

Observer Online Report

Finance Minister AHM Mustafa Kamal has proposed to impose 25% customs duty and 15% VAT on the import of software.

While placing the budget in next fiscal year, the finance minister on Thursday said, “Though, 5% customs duty exists on few software products, majority of the software products attract 25% customs duty. To protect the domestic software industry and to prevent false declaration and duty evasion, I propose to impose 25% customs duty and 15% VAT on the import of software.”

Also read

Bangladesh sets $72 billion export target for FY24

Supplementary budget for outgoing fiscal passed in JS

Size of proposed budget is realistic: FBCCI

DSE seeks inclusion of four points to facilitate investors

Criticism of govt over budget doesn’t suit BNP: Quader

CPD dismisses budget's projections on growth, inflation, revenue collection

CPD has to show their expertise: Hasan

Unrealistic budget won’t help overcome economic crisis: Fakhrul

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- 41053001-06; Online: 41053014; Advertisement: 41053012.
E-mail: district@dailyobserverbd.com, news@dailyobserverbd.com, advertisement@dailyobserverbd.com, For Online Edition: mailobserverbd@gmail.com

🔝