BNP Secretary General Mirza Fakhrul Islam Alamgir on Sunday said, “We demand a reduction of mediated VAT ceiling on different essential commodities from 15 percent to a tolerable level for the consumers.”
He also has urged the government to reduce Value Added Tax (VAT) to a tolerable level in the proposed budget for 2017-18 fiscal year.
BNP Secretary General Mirza Fakhrul Islam Alamgir said 15 percent VAT proposed in the budget is the highest among South and South-East Asian countries.
The party leader also demanded withdrawal of excise duty on bank accounts.
In a formal reaction over the proposed budget, Fakhrul said, “We demand a reduction of proposed VAT ceiling on different essential commodities from 15 percent to a tolerable level for the consumers.”
Mirza Fakhrul said prices of essentials and living cost will go up and pressure on inflation will rise, due to the collection of higher percentage of VAT. Thus, middle and lower-income group will face great sufferings.