Imported laptops to go dearer

Finance Minister AHM Mustafa Kamal has proposed to impose 15% value added tax (VAT) on imported laptops in the proposed budget for the fiscal year 2022-23. 

“Laptop computer imports are subject to VAT exemption. As a result, domestic computer manufacturers are facing uneven competition. So, I am proposing to impose 15% VAT on laptop computer imports,” hr said while placing the budget in the parliament on Thuursday.

As a result, the total tax incidence of the product stands at 31%, he added.