Abu Taher BappaPublished:
2020-09-28 21:06:21 BdST
NBR reduces VAT on LPG cylinders
The National Board of Revenue (NBR) has reduced Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) cylinders in a bid to facilitate its domestic production.
The VAT on LPG cylinders has been slashed to 5.0 percent from 15 percent through issuing a Statutory Regulatory order (SRO).
The NBR order, dated September 24, 2020, came into effect on the day of its issuance and will remain valid until June 30 2021.
Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.