a year ago

Govt extends tax benefit on rice import

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The government has extended the reduced tax benefit on import of rice until March 31, 2023 to contain its price in the local market.

The tax benefit was scheduled to expire on December 31, 2022.

Currently, import of rice requires payment of 15.25 per cent tax.

Prices of rice in the local market jumped by Tk 12 per kilogram in recent times despite the harvest season of Aman.

The Customs wing of the National Board of Revenue (NBR) issued a gazette by offering the reduced import tax from January 1, 2023 to March 31, 2023.

The benefit would be valid for import of boiled rice and non-boiled atap rice (except aromatic rice).

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