Dhaka: The National Board of Revenue (NBR) has announced a significant reduction in import duties on fresh fruits, cutting them by 15 percent. This move comes as part of an effort to make fresh fruits more affordable for consumers.
According to Bangladesh Sangbad Sangstha, the NBR issued two notifications on March 16 and another on March 10 to implement these changes. The notifications detail a reduction in the supplementary duty at the import stage from 30 percent to 25 percent. Additionally, the 5 percent advance tax previously imposed at the import stage has been completely exempted.
Furthermore, a separate notification was issued on March 10, which reduces the existing advance income tax rate on fruit imports from 10 percent to 5 percent. These initiatives aim to ensure that the prices of fresh fruits remain within reach for the general public, especially during the holy month of Ramadan.