Investor Presentaiton
10. What are the fiscal measures of concern in budget FY2023-24?
Measures of Concern
1. Minimum Tk. 2,000 tax on every TIN holder who is below the taxable income
2. Wealth surcharge threshold raised
3. Appointment of tax return preparers (TRPs) which will generate a ‘broker class’
4. Imposition of 7.5% VAT compared to the prior 5% VAT at local manufacturing stage on
iron or steel for LPG cylinder
5. Increased VAT on mobile phone manufacturers/assemblers at the local state
6. 7.5% VAT instead of 5% on several home items
7. Specific Duty on cement clinker raised for both manufacturers and importers from the
already higher levels
8. CD on imported bicycle parts increased to 15% from the existing 10% rate
National Budgets in Bangladesh: Myths and Realities
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