Photo: Collected
The National Board of Revenue (NBR) has decided to reduce the VAT on hotels and restaurants to the previous level (5%). 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 issued an order ordinance increasing a 15 percent VAT from the previous 5 percent for the sector.
The decision sparked widespread criticism in the country. Bangladesh Restaurant Owners Association announced to hold nationwide human chains on Thursday demanding the reduction of Value Added Tax((VAT).
Messenger/JRTarek
