The International Monetary Fund (IMF) urges imposing a 25% duty on lawmakers' duty-free vehicle imports to align with regular citizens' tax rates. This recommendation is part of efforts to increase revenue collection and reduce discrimination. The move follows reports of significant imports of duty-free vehicles by lawmakers and their families. Lawmakers currently enjoy various duty-free import privileges for vehicles, while ordinary citizens face high supplementary duties. Additionally, the government has introduced environmental surcharges for multiple car owners to mitigate environmental impact.
Finance
63 words · 21 secFuel Prices Increased to Stop Smuggling to Neighbouring Country, Says State Minister
State Minister Anindya Islam Amit said fuel prices were raised to prevent smuggling to neighbouring countries and reduce losses at Bangladesh Petroleum Corporation (BPC). He said BPC lost around Tk22,875 crore between M…
Read more→