Muhith urges businessmen to accept new VAT law

Muhith urges businessmen  to accept new VAT law

Finance Minister AMA Muhith launches Tax Guide at cialis sydney australia a programme in the ministry auditorium in the city yesterday

Finance http://viagravscialis-best.com/ Minister AMA Muhith said the pharmacie prix du cialis country’s value-added tax is “reasonable” and so the businessmen shouldn’t object to it

“The old Dhaka businessmen are against introducing the new VAT law, but I want to tell them that the new uniform VAT rate is reasonable,” he said while launching Tax Guide at the finance ministry’s auditorium yesterday.

Muhith, however, said the rate would be reduced if the amount of VAT increased annually.

He said Bangladesh is one of the pioneer countries to introduce such a VAT law.

Muhith ruled out the possibility of double taxation. “If this happens, this is wrong calculation.”

He insisted uniform 15% VAT rate will be good for the business.

Earlier this month shop keepers does cialis work for females in Dhaka protested against the new VAT law keeping their shops closed and organising rallies.

“I was actually disappointed at the strike. They (businessmen) shouldn’t go for it again,” finance minister said.

He said the VAT law was first introduced in France and later in the United Kingdom, and the VAT rate varies from 5% to 20% in different countries.

Muhith said he would lower the country’s VAT rate if the number of taxpayers become 50,000.

“I would promise to lower the rate of VAT. I said the first time we have a uniform rate of 15% but if you want I will change that rate.”

At present, the number of registered businessmen taxpayers are 7.7m canadian online pharmacy reviews businessmen, but only 1.1m of them pay VAT.

Muhith said the government would procure 20,000 electronic cash register machines from aboard and supply to the businessmen at import price.

Source: Dhaka Tribune