The National Board of Revenue (NBR) has decided to keep the value-added tax (VAT) rate on restaurants at 5 per cent, which was the previous rate.
The NBR will issue an order in this regard on Thursday (January 16).
The NBR on Wednesday conveyed this decision to the Bangladesh Restaurant Owners Association in a letter, signed by Mashiur Rahman, the first secretary of
NBR’s Value Added Tax division.
Earlier, the association had sent a letter to the NBR requesting a reduction in VAT.
Meanwhile, VAT rates on pharmaceuticals and Internet Service Provider (ISP) businesses may be reduced, top NBR sources informed.
On January 9, the government had issued an order increasing a 15 per cent VAT from the previous 5 per cent in the sector.
But the decision sparked widespread criticisms in the country.
TF
