June 18, 2021

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VAT exemption on sanitary napkins

In the proposed budget, Finance Minister AHM Mustafa Kamal has proposed exemption of VAT on locally produced sanitary napkins. In addition, the existing VAT exemption for import of certain raw materials for the production of sanitary napkins and diapers has been extended for two years.

The finance minister is presenting the proposed budget for the fiscal year 2021-22 in the parliament on Thursday. “I am proposing VAT exemption on sanitary napkins at the local level to ensure women’s health protection,” the finance minister told parliament.

It is learned that 12 rupees in a packet of 90 rupees produced in the country goes to the government treasury as duty. Of this, 10 rupees is VAT, the rest is other taxes. A packet of napkins with a retail price of Rs 200 comes with Rs 22 VAT and Rs 5 tax. In the proposed budget, the finance minister announced VAT exemption on sanitary napkins.

There was a lot of fuss about imposing value added tax or VAT on sanitary napkins in FY 2019-20. Although VAT was not levied on sanitary napkins as reported later by the National Board of Revenue (NBR).

From fish soup to khasir rezala- Kishore Chowdhury is presenting the taste of Bangladesh to the people of the world by collecting the praise of the judges by presenting the hard work in an easy yet beautiful way Judges are constantly fascinated by the taste of his cooking.