Women entrepreneurs call for revision of 15pc VAT
The uniform 15 percent VAT coming into effect from July 1 would be a source of stress for the lower and middle-income group, said the Women Entrepreneurs Association of Bangladesh.
The rate must be reconsidered taking into account the education and business needs of women entrepreneurs, said WEAB President Nasreen Fatema Awal in a statement yesterday.
The new tax structure in the proposed budget will create challenges for the existing taxpayers, particularly those falling in the middle-income bracket and women who initiated start-ups.
She also called for the withdrawal of the proposed excise duty hike, saying women entrepreneurs will otherwise be discouraged from depositing money in banks.
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