In new budget of Bangladesh, no VAT on coronavirus testing kit

Finance Minister AHM Mustafa Kamal has proposed to withdraw the value-added tax (VAT) on testing kits used for coronavirus prevention and detection in the 2020-21 budget. .Mustafa Kamal also proposed to withdraw VAT on locally produced personal protective equipment (PPE), surgical masks for health workers.

The proposal was tabled by the finance minister in the budget session of parliament on Thursday (June 11).

  Learn about the COVID-19 pandemic from News Hour  

He proposed to repeal VAT on import, manufacture, and trade of all types of testing kits used for coronavirus detection.

Besides, the Finance Minister has also proposed to repeal VAT on import, production, sale, and purchase of medicines used to cure Covid-19.

Follow News Hour
News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments
Scroll Up
%d bloggers like this: