The government has proposed 5 percent tax for the restaurant sector in the national budget for 2022-23 fiscal year.
“I propose 5 percent VAT on both AC and non-AC restaurants, except restaurants in hotels with 3 or more star, and restaurants, where alcohol is served, instead of 10 percent VAT on AC restaurants and 5 percent VAT on non-AC restaurants,” Finance Minister AHM Mustafa Kamal said.
The finance minister on Thursday placed the Tk6,78,064 crore national budget for FY23 at Jatiya Sangsad focusing top priority on safeguarding marginal people from inflation fuelled by the Russia-Ukraine conflict.
The proposed budget is Tk74,383 crore higher than the original budget size of the FY2021-22 fiscal year, which was Tk6,03,681 crore.
