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    Home > Food News > Food Articles > Bangladesh reduces and exempts value-added tax on edible oil imports

    Bangladesh reduces and exempts value-added tax on edible oil imports

    • Last Update: 2022-04-16
    • Source: Internet
    • Author: User
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    According to Bangladesh's "Daily Sun" report on March 15, Bangladesh 's Minister of Commerce Tipu Mengshi said at a press conference on Monday that the Bangladeshi government will reduce or exempt 10% of the import value-added tax on imported edible oil .
    , retains only the 5% VAT at the consumer level .
    At the same time, the Bangladeshi government will also cancel the 15% value-added tax on edible oil production enterprises .
    On Monday, the Bangladesh National Assembly also instructed the Bangladesh tax department to require only a minimum amount of tax on imported consumer goods .
     
    According to Bangladesh's "Daily Sun" report on March 15, Bangladesh 's Minister of Commerce Tipu Mengshi said at a press conference on Monday that the Bangladeshi government will reduce or exempt 10% of the import value-added tax on imported edible oil .
    , retains only the 5% VAT at the consumer level .
    At the same time, the Bangladeshi government will also cancel the 15% value-added tax on edible oil production enterprises .
    On Monday, the Bangladesh National Assembly also instructed the Bangladesh tax department to require only a minimum amount of tax on imported consumer goods .
    Ministry of Commerce imported edible oil consumers
     
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