Bangladesh to Issue VAT Exemptions, Tax Cuts to Aid Local Exporters
Bangladesh will soon issue a “wide range” of value-added tax exemptions on locally manufactured products and cut advance taxes on imported raw materials to boost the domestic industry and aid local exporters, the Hong Kong Trade Development Council reported June…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
15. The exemptions and cuts, effective July 1, will apply to manufactured household appliances, computing products and more. Advance taxes will drop from 4% to 3% for imported raw materials used in certain domestic industries, HKTDC said.