Dhaka, March 19 -- The Dhaka Chamber of Commerce & Industry (DCCI) has proposed to fix a uniform single-digit VAT rate across the board and nominal 1% VAT for the traders of informal sectors in the next budget for fiscal year 2025-2026 (FY26).
The DCCI said such a rate would bring transparency in the overall revenue management, reduce cost of doing business and have a positive impact on the manufacturing sector.
At present, the DCCI said the standard VAT rate is 15% across the board, but it has been segregated to different slabs like 10%, 7.5% and 5% in different sectors that actually caused difficulties for traders as well as disputes in many cases. Besides, many traders are bearing the burden of additional tax due to non-availability of...