{"id":60179,"date":"2025-05-12T04:42:18","date_gmt":"2025-05-12T04:42:18","guid":{"rendered":"https:\/\/deshmediabd.com\/?p=60179"},"modified":"2025-05-12T04:42:18","modified_gmt":"2025-05-12T04:42:18","slug":"food-fertilisers-raw-materials-nbr-plans-advance-tax-on-200-duty-free-imports","status":"publish","type":"post","link":"https:\/\/deshnews24.info\/?p=60179","title":{"rendered":"Food, fertilisers, raw materials: NBR plans advance tax on 200 duty-free imports"},"content":{"rendered":"<p class=\"rtejustify\"><strong>In a move poised to disrupt supply chains and drive up costs, the National Board of Revenue (NBR) plans to impose a 2% Advance Income Tax (AIT) at the import stage on around 200 previously tax-exempt products.<\/strong><\/p>\n<p class=\"rtejustify\">The measure, aimed at phasing out exemptions and boosting tax compliance, is expected to generate an additional Tk2,000 crore in revenues.<\/p>\n<p class=\"rtejustify\"><strong>Broad impact on key sectors<\/strong><\/p>\n<div class=\"hide-for-print mb-20 text-center \">\n<div id=\"dfp-ad-tbs_lb_snd_middle-wrapper\" class=\"dfp-tag-wrapper\"><\/div>\n<\/div>\n<div class=\"hide-for-print mb-20 text-center \">\n<h4><a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMIivlQsw2ZKrAw?ceid=US:en&amp;oc=3\"><img decoding=\"async\" src=\"https:\/\/www.tbsnews.net\/sites\/all\/themes\/sloth\/images\/google_news.svg\" alt=\"The Business Standard Google News\" \/>\u00a0Keep updated, follow The Business Standard&#8217;s Google news channel<\/a><\/h4>\n<\/div>\n<p class=\"rtejustify\">Among the affected items are crucial raw materials for Bangladesh&#8217;s apparel industry, including cotton and man-made fibers. Essential food staples such as potatoes, onions, lentils, chickpeas, soybeans, and maize, along with fertilisers, crude oil, sugar, and medical equipment, also fall under the new tax scope. Electronics and industrial machinery\u2014including computer printers, routers, modems, aircraft engines, and buses\u2014may also be affected.<\/p>\n<p class=\"rtejustify\"><strong>Business leaders and consumers raise red flags<\/strong><\/p>\n<div class=\"hide-for-print mb-20 text-center \">\n<div id=\"dfp-ad-tbs_rectangle_snd_mobile-wrapper\" class=\"dfp-tag-wrapper\"><\/div>\n<\/div>\n<p class=\"rtejustify\">While the NBR argues the tax will enhance compliance and broaden the revenue base, business groups and consumer rights advocates warn of severe consequences. Many fear rising production costs, inflationary pressures, and a potential squeeze on industries already grappling with economic challenges.<\/p>\n<p class=\"rtejustify\">\n<blockquote class=\"float-box pull-right\"><p>People are already under immense pressure\u2014tax hikes on basic commodities will only deepen their hardship.<\/p>\n<div class=\"hide-for-print mb-20 text-center \">\n<div id=\"dfp-ad-tbs_rectangle_snd_mobile02-wrapper\" class=\"dfp-tag-wrapper\"><\/div>\n<\/div>\n<div class=\"author-title\">SM Nazer Hossain, vice president, Consumers Association of Bangladesh<\/div>\n<\/blockquote>\n<p class=\"rtejustify\">A senior NBR official, speaking on condition of anonymity, told The Business Standard, &#8220;Currently, there is no AIT at the import level on about 200 tariff lines. As part of our exemption phase-out plan, we intend to impose AIT on almost all of these items, except perhaps one or two.&#8221;<\/p>\n<p class=\"rtejustify\">He said a final list expected following a high-level meeting later this week. &#8220;The plan has already been discussed with the finance adviser.&#8221;<a href=\"https:\/\/www.tbsnews.net\/nbr\/food-fertilisers-raw-materials-nbr-plans-advance-tax-200-duty-free-imports-1139906\">\u09ac\u09bf\u09b8\u09cd\u09a4\u09be\u09b0\u09bf\u09a4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a move poised to disrupt supply chains and drive up costs, the National Board of Revenue (NBR) plans to impose a 2% Advance Income Tax (AIT) at the import stage on around 200 previously tax-exempt products. The measure, aimed at phasing out exemptions and boosting tax compliance, is expected to generate an additional Tk2,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":60180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,14],"tags":[],"class_list":["post-60179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-6","category-14"],"_links":{"self":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/60179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60179"}],"version-history":[{"count":1,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/60179\/revisions"}],"predecessor-version":[{"id":60181,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/60179\/revisions\/60181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/media\/60180"}],"wp:attachment":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}