No VAT on computer parts at trading stage: NBR
The revenue authority has withdrawn value-added tax (VAT) on computer parts and accessories at the trading stage to help consumers enjoy low prices.
The move comes three months after the imposition of a 15 percent VAT on parts and accessories of computers at the trading stage.
In the past two fiscal years since 2016-17, the NBR had been offering exemptions on computer parts and accessories. Bangladesh Computer Samity, the apex trade body for ICT business in Bangladesh, has been demanding removal of such VAT, which, it thinks, would fuel the prices of computers.
Use of laptops and computers is increasing in Bangladesh. The market for laptops is annually growing by 12 percent, driven by a growing middle and affluent class and overall income, International Data Corporation, a Singapore-based consulting firm, found in a survey.
The laptop market in Bangladesh was worth $165 million in 2017, according to the IDC.
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