The proposed new VAT law has been suspended for two years, reducing the existing excise duty on bank deposits and reducing the import duty on rice.
Apart from this, the value added tax exemption has been given to computers, cellular phones and parts, which are made in the country. At the same time, tariff or tax rate imposed on the production of refrigerators has been reduced.Finance Minister Abul Maal Abdul Muhith on Wednesday proposed a pass for passing the passage of parliament in the parliament, which was passed in connivance.At this time the Finance Minister revoked the controversial VAT law and restored excise duty on deposits of Tk 5 lakh by remitting the tax of Tk 100,000 for bank deposits.
