In Bangladesh, the standard VAT rate is 15%, which applies to most goods and services. However, there are exceptions and reduced rates for specific items:
- Exemptions: Essential goods like rice, wheat, pulses, and services such as healthcare and education are VAT-exempt.
- Reduced Rates:
- Pharmaceuticals: 5%
- Jute Industry: 4%
- Textile and Garment Sector: 7.5%
These VAT rates are designed to maintain affordability and support key industries in the country.
Visit official government website here for details.
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