Dhaka, March 18 -- The Dhaka Chamber of Commerce and Industry (DCCI) has said while the general VAT rate stands at 15 percent, reducing it to 10 percent, 7.5 percent, and 5 percent in different sectors is causing "complications" for businesses and leading to "disputes" in many areas.

The DCCI claims that businesses are burdened with additional taxes due to inconsistent VAT exemption benefits across sectors.

In this context, the organisation has proposed setting the VAT rate in single digits in the upcoming budget, along with a 1 percent VAT rate for businesses in the informal sector.

It believes this will bring "transparency" to the overall tax system, reduce operational costs, and have a "positive impact" on the production sector.

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