Bangladesh to raise VAT on branded clothing

Bangladesh’s decision to hike valued-added tax on 43 goods and services will mostly target high-income people and will not lead to rise in prices of essential commodities, the country’s finance adviser Salehuddin Ahmed recently assured.
The products include posh garment outlets, mattresses and tissue papers.
The decision was taken to bolster state revenues and not to meet IMF demands, he said.Read More