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.
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