PV Desk : Finance Minister Abul Maal Abdul Muhith has said the uniform VAT rate will remain unchanged at 15 percent.
“There’s a lot of discussion over the issue and we have decided to keep it at 15 percent in the next fiscal year,” Muhith told a group of reporters at his secretariat office in Dhaka on Saturday.
Muhith signalled that he would take the VAT-exempted annual turnover limit beyond Tk 3 million. “The new ceiling will be fixed within a day or two,” he said.
The limit of maximum 3 percent VAT on up to Tk 8 million annual turnover will also be raised to or over Tk 12 million with 4-5 percent VAT, the minister said.
“Which means we are giving special exemptions to small businesses,” he said.