BSS-41 Govt urged to keep bakery products out of VAT

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ZCZC

BSS-41

NBR-PRE-BUDGET

Govt urged to keep bakery products out of VAT

DHAKA, March 28, 2021 (BSS) – Bangladesh Bread Biscuit -O-Confectionery
Prostutkarak Samity today urged the National Board of Revenue (NBR) to keep
the bakery products, including bread, out of VAT net.

President of the Samity placed the proposal in a pre-budget meeting with
the NBR for the next fiscal year (FY22) held at the NBR Conference Room in
the city’s Segunbagicha area.

National Board of Revenue (NBR) Chairman Abu Hena Md Rahmatul Muneem
presided over the meeting.

President of the non-governmental consumer organisation Mohammad Jalal
Uddin said in the budgets of the last financial year, bread, bun and other
such items those are produced at the handmade bakery industry was completely
VAT free.

Per kg Taka 150 biscuits and cakes (excluding party cakes) was also out of
VAT, but later, VAT was imposed on the products, he added.

He proposed to keep the products completely out of VAT in the next budget
considering the unskilled and uneducated employees in the hand-made bakery
industry and the COVID-19 epidemic.

Bangladesh Jewellery Manufacturers and Exporters Association also today
joined the pre-budget meeting with NBR.

BSS/ASG/RI/KUC/ARS/1956 hrs