United News of Bangladesh

The government has reduced customs duty on the import of dates by 40 percent ahead of the holy month of Ramadan, aiming to ensure adequate supply and keep prices within the purchasing capacity of general consumers. In a press release issued on Wednesday, the National Board of Revenue (NBR) said the existing customs duty on date imports has been lowered from 25 percent to 15 percent. The government issued a gazette notification on December 23, 2025 to this effect and it which will remain effective until March 31, 2026. The NBR noted that the decision has been taken to maintain market stability and prevent an unusual surge in prices during Ramadan, when demand for dates rises significantly as they are traditionally consumed to break the fast. In addition to the duty reduction, the NBR highlighted that amendments were made in the last budget to the provisions related to advance income tax (AIT) at the import stage. NBR chief calls for expanded VAT registration to cut reliance on imports Under the revised rules, the AIT applicable to the import of all fruits, including dates, has been reduced from 10 percent to 5 percent. Moreover, the 50 percent concession on advance income tax for date and fruit imports, which was introduced last year, has been retained for the current year as well, the revenue authority said.

The Ministry of Commerce has urged the National Board of Revenue (NBR) to withdraw customs duty on onion import, aiming to keep its price stable in the market. The ministry also urged the NBR to slash import duties on crude soybean oil, palm oil and sugar to cool the overheated domestic market. Read:Price hike in Bangladesh: Unseen sufferings of shy middle class The request was made at a meeting of the Ministry of Commerce at the Secretariat on Monday to keep the stock, supply, import and price situation of the commodities stable. “NBR has been requested to withdraw the import duty on onion, and reduce the duties on crude soybean, palm oil and unrefined sugar in public interest,” additional secretary to Import and Internal Trade division of the Commerce Ministry AHM Safiquzzaman said at the meeting.