ANNOUNCEMENT 15 Mar 2018

Bangladesh has withdrawn a 15% VAT on imports of ships of at least 5000 Dead Weight Tonnage.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 15 Mar 2018 | Removal date: open ended

Internal taxation of imports

Bangladesh's National Board of Revenue has exempted the imports of ships of more than 5000 deadweight tonnage from a 15% Value Added Tax (VAT) payment. The vessels should not be older than 15 years and must be used for sea freight transport for at least 5 years. The vessel cannot be sold or transferred during these 5 years. Further, the vessel must be locally registered after imports and must employ 70% of its manpower from Bangladesh.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
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