New VAT system won’t hurt people

The new VAT system will not cause prices of goods to rise as a host of concessions and exemptions have been given in the new budget, Finance Minister AMA Muhith said yesterday.

“Many have got exemptions and will not pay VAT [Value Added Tax]. Small and medium-sized businesses have got concessions,” he told reporters at a post-budget media briefing in the capital’s Osmani Memorial Auditorium. [Read More]

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Source: The Daily Star


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