State Minister for Post, Telecommunications and Information Technology Zunaid Ahmed Palak has urged National Board of Revenue (NBR) to withdraw 7.5% Value Added Tax (VAT) from e-commerce businesses.
The junior minister came up the call, while talking to journalist after a program in Dhaka yesterday.
In the proposed budget for Fiscal Year 2019-20, the government has imposed a 7.5% VAT on virtual business.
“Since the e-commerce is a growing industry, I have written a letter to the NBR requesting the national exchequer to withdraw the proposed 7.5% VAT from e-commerce industry,” said Zunaid Ahmed Palak.
As a growing industry, the e-commerce sector did not reach a level from which VAT would be earned, he said.
