Muhith may bring respite in VAT law
Published : 10 May 2017, 15:48
In face of much opposition and protests from businessmen, Finance Minister AMA Muhith has hinted of bringing relief for traders in the new VAT law.
“I’m thinking about giving some relief… some amendments may come,” the minister told reporters in response to a query at a programme in Dhaka today.
The government is planning to implement the new VAT law from the next fiscal year. Concerns are, the uniform 15 percent VAT would increase the already high cost of living.
Businessmen have already had a heated debate with Minister Muhith against it, threatening to take it to the streets. Muhith, at that time, replied that such protests will be quashed.
Today, while inaugurating a mobile VAT Online Help Desk at National Board of Revenue (NBR) office in Segunbagicha, Muhith said he is still considering a change. However, he was not specific.
Regarding the help desk, it is a minibus that will roam markets and carry out online VAT registration for businessmen. Seven such vans will be launched in Dhaka and two in Chittagong.
- Most viewed
- PM distributes National Film Awards-2015
- Shabana receives Lifetime Achievement Award from Prime Minister Hasina
- Easy tips to prevent and treat cough, cold during monsoon
- The wonder bowl of beauty
- Tips to stay fit this rainy season
- Princes regret brief last call with Diana
- Student commits suicide failing to get desired marks in HSC exam
- PM to distribute National Film Awards-2015 today
- 25 July Deaths
- Tahsan, Mithila announce their divorce
- 2,000 girl cyclists say 'No' to early marriage
- 5 members of ‘rapist gang’ held in city
- Students clash with cops at Shahbagh demanding exam dates
- Unidentified girl dies at DMCH, 12 days after rescue in senseless state
- Australian senator who breast-fed daughter in parliament resigns
- Bangladeshi gets 11 years’ jail for raping tourist in Singapore
- Minneapolis police shooting of Australian woman sparks questions about body cameras
- Don’t ruin fish market for small gains, PM to exporters