ঢাকা, মঙ্গলবার, ২৪ অক্টোবর ২০১৭, ৯ কার্তিক ১৪২৪

Demand for VAT exemption at the supply stage of domestic ICT products

২০১৭ জুন ১৭ ১৮:০০:২৮
Demand for VAT exemption at the supply stage of domestic ICT products

The local organizers demanded the VAT exemption at the supply level of laptops and mobile phones produced locally or in the proposed new budget.

They also wanted long-term tax holidays.According to the entrepreneurs, local entrepreneurs will not be able to get started with imported goods with 15 percent VAT. And if the income tax exemption in the long term, the protection of this industry will be ensured by re-investing the money. According to them, if the proposed tax structure is in place, the mobile phone industry will not be created in the country and the continuation of the government's vision 2021 or the development of digital Bangladesh will be hampered.It is to be noted that VAT is levied at 15% rate of supply at the local level and the laptops and mobile phones supplied at the proposed budget for fiscal year 2017-18. On the other hand, there is no supply VAT for imported goods. In this situation, the Computer and Mobile Manufacturers and Exporters Association of Bangladesh (in the proposed) demanded the withdrawal of VAT at the supply stage. Alongside, in the emerging industry, the domestic institution has been asked to declare the facility of income tax exemption for at least 15 years.

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