United News of Bangladesh

Customers will no longer have to pay Value Added Tax (VAT) for purchases at the superstrores. The retail price of the products will be the final price to pay, according to a National Board of Revenue (NBR) release. NBR reduces VAT on biscuits by half The NBR's VAT department issued a notification in this regard on Thursday. The NBR authorities and the supershop owners took the decision following several meetings. Earlier, VAT rates varied ranging from 1.5% to 5%, with a 7.5% rate applied during last year’s budget. Monetary Policy: Private sector unhappy with lower credit flow target Chain super shop owners had been objecting this for a long time.