Bangladesh Budget for FY 2022-23: Mobile handsets to be costlier
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Budget 2022-23
Mahmudul Hasan
Thu Jun 9, 2022 03:29 PM
Last update on: Thu Jun 9, 2022 05:50 PM

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Budget 2022-23

Mobile handsets to be costlier

Mahmudul Hasan
Thu Jun 9, 2022 03:29 PM Last update on: Thu Jun 9, 2022 05:50 PM
Bangladesh Budget for FY 2022-23

The price of the handsets will go up as the government today proposed 5 percent value-added tax on mobile handset sales.

"I propose to withdraw the existing 5 percent VAT exemption at trading stage of mobile phone sets," said Finance Minister AHM Mustafa Kamal said in his budget speech.

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Budget for Laptop
Read more

Laptop prices set to increase

Presently, there is about 58 percent tax on smartphone imports, whereas the tax on the locally assembled and manufactured handsets varies from 3 percent to 27 percent.

The number of locally manufactured and imported handsets was 4.12 crore in 2020-21.

Budget on cars and motorcycles
Read more

Cars, motorcycles to cost more

 

Related topic:
Bangladesh budget 2022-23national budget 2022-23handsetsmobile phone setsvalue-added taxVATFinance Minister AHM Mustafa Kamal
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