Budget FY23: 20% taxes imposed on luxury goods

Various taxes are being levied on more than 50 luxury products in this 2022-2023 fiscal year, to save dollars.

Finance Minister AHM Mustafa Kamal announced the imposition of tariffs during his speech for the national budget for the 2022-2023 fiscal year. 

In the proposed budget, a 20% tax would be imposed on those items.

The products include televisions, refrigerators, ACs, washing machines, ovens, tableware, showpieces, chandeliers, lamps, soaps, shampoos, biscuits, chocolates, footwear, tiles, products, sanitaryware, and alcohol. 

AHM Mustafa Kamal unveiled the Tk678,000 crore budget at parliament on Thursday.