Category Taxation in Bangladesh

Bangladesh Hikes Rice Import Taxes

June 8, 2018 Taxation in Bangladesh

Rice in BangladeshDHAKA – The rice industry in Bangladesh is recovering, and the government is aiming to protect it with heavy import taxes.

Bangladesh will impose a tax of 28 percent on all rice imports coming into the country, a move which is aimed at protecting local production.

The total tax of 28 percent will be made up of 25 percent in customs duties and an extra 3 percent in regulatory duties.

In 2017 the rate of rice imports was much lower, as it was cut to a total of only 2 percent.

The fluctuations in the rate of tax for rice imports is based on the production capability and pricing of rice in Bangladesh at that time.

Last year’s tax cut was caused by a steep increase in the price of rice produced in Bangladesh due to heavy flooding which destroyed crops.

Comparatively, this year’s increase...

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Mobile Phone Tax to be Introduced in Bangladesh

June 8, 2012 Taxation in Bangladesh

Mobile Phone Tax in BangladeshDHAKA – With the intention of raising extra funds for social development programs and infrastructure improvements, Bangladesh will soon implement a new tax on the use of mobile phones.

On June 7th the Minister of Finance of Bangladesh Abul Maal Abdul Muhith revealed that the national government plans to introduce a new tax on mobile phone usage, which would be paid by consumers when buying a new prepaid recharge cards or paying their monthly mobile bills.

The new tax will be set at 2 percent, and will be charged on users across all of the country’s six mobile service providers.

According to Bangladesh Telecommunication Regulatory Commission there are currently 90 million mobile phone users in Bangladesh, with approximately 61 percent of the population of the country owning a mobile phone.

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