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Global Trade Alert

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Bangladesh: VAT on imports of soybean and palm oil reduced temporarily

Description

On 16 March 2022, Bangladesh notified a temporary decrease in the value-added tax (VAT) imposed on the imports of refined and unrefined soybean oil and palm oil (HS 1506, 1511, and 1518). The VAT has ...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

16 Mar 2022

Revocation date

30 Apr 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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