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Global Trade Alert

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Bangladesh: VAT on the imports of edible oil temporarily reduced at different rates

Description

According to several news reports, on 8 February 2024, Bangladesh's National Board of Revenue reduced the VAT on imported soybean and palm oil from 15% to 10%. The VAT on domestically produced oil 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

08 Feb 2024

Revocation date

15 Apr 2024

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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