Bangladesh raises tax on freezer, fridge, motorcycle, AC, and compressor manufacturers to 20%, up from 10%.
The Bangladeshi government has raised the income tax rate to 20% for companies manufacturing freezers, refrigerators, motorcycles, air conditioners, and compressors, up from 10%. This change, effective in the 2025-26 fiscal year, aims to boost revenue collection and aligns with conditions set by the International Monetary Fund for a $4.7 billion loan. The move is expected to increase the cost of these products.
3 months ago
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