Global Trade Alert
Global Trade Alert

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

Announcement

08 Feb 2024

The government of Bangladesh has amended the VAT on edible soybean and palm oil at different rates.

Source

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Number of interventions

2

1 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

08 Feb 2024

Revocation date:

15 Apr 2024

Updated: 08 Feb 2024
Localisation, nes

According to several news reports, on 8 February 2024, Bangladesh's National Board of Revenue amended the VAT on domestically produced and imported edible soybean and palm oil at different rates. T...

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Implementation date

08 Feb 2024

Revocation date:

15 Apr 2024

Updated: 08 Feb 2024
Internal taxation of imports

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 ...

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