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Restaurant owners have demanded that the government reduce the value-added tax (VAT) proposed in the fiscal 2021-22 budget as payable by all restaurants, be it of a lower category, moderate or fine dining. Organising a press conference at their Purana Paltan office yesterday, Bangladesh Restaurant Owners Association (Broa) expressed their opinions on the budget and informed of ....
Restaurant owners demand VAT cut The leaders of Bangladesh Restaurant Owners Association, attended a press conference today at its Purana Paltan office in Dhaka to place its budget demands. Photo: Bangladesh Restaurant Owners Association Star Business Report Star Business Report The restaurant owners today urged the government to reduce value-added tax (VAT) on fast food sellers to 7.5 per cent from the existing 15 per cent. They also demanded keeping the VAT rate in between 3-5 per cent for lower and middle category eateries and street foods. For canteens and cafeterias of educational institutions, industries and foods sold in hostels, they want the rate to be fixed at highest 2 per cent. ....