News update
  • Guterres Urges Leaders to Act as UNGA Week Begins     |     
  • BNP to go door to door for hearts and votes     |     
  • Chittagong port tariffs increased up to 50 per cent     |     
  • Rising Heat Cost Bangladesh $1.8 Billion in 2024     |     
  • Stocks extend gains; turnover drops in Dhaka, rises in Ctg     |     
  1. Home
  2. Economy
  3. VAT on hotels, restaurants to be revised to previous level: NBR

VAT on hotels, restaurants to be revised to previous level: NBR

Economy 2025-01-16, 12:56pm

vatonhotelsrestaurantstoberevisedtopreviouslevel-ezgif-e91516c0b6e3d70d69598d69a85293641737010617.jpg




Dhaka, 16 Jan - The National Board of Revenue (NBR) has decided to revise the VAT on hotels and restaurants to the previous level.

NBR Member (VAT Policy) Mohammad Belal Hossain Chowdhury disclosed the decision on Thursday.

The NBR will issue a notification in this  regard today.

On January 9, the government had issued an order increasing a 15 percent VAT from the previous 5 percent in the sector.

But the decision sparked widespread criticisms in the country.

Bangladesh Restaurant Owners Association announced to form nationwide human chains on Thursday demanding reduction in Value Added Tax((VAT).