Business leaders demand one stage VAT for edible oil
BSS, Dhaka
Business leaders yesterday demanded the government to introduce one stage Value Added Tax (VAT) in importing edible oil.
They came up with the demand at a seminar on Role of Tariff Commission for Protecting the Interest of Domestic Industry and Creating Awareness Regarding VAT in the capital.
Bangladesh Tariff Commission and Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVORVMA) jointly organised the seminar.
Chaired by BVORVMA president Mostafa Kamal, the seminar was addressed, among others, by Tariff Commission members Sheikh Abdul Mannan and Shah M Abu Raihan Al Beruni.
Mostafa Kamal, also the chairman of the Meghna Group of Industries, said the business community wants only one stage VAT as they can pay their VAT easily.
Abdul Mannan said the Tariff Commission always recommends a logical VAT rate by taking opinion from the business community.
