The prices of imported software are expected to increase as the import duty has been increased from 5% to 25% in the proposed budget for the next 2023-24 fiscal year.
Additionally, a 15% Value Added Tax (VAT) has been imposed on software imports.
Finance Minister AHM Mustafa Kamal read out the proposals for the 2023-2024 fiscal year's budget, amounting to Tk7,61,785 crore, in parliament on Thursday.
He said the increased customs duty and VAT aims to safeguard the domestic software industry and prevent false declaration and duty evasion.
