October 26, 2020, 10:39 am


Abu Taher Bappa

Published:
2020-09-28 21:06:21 BdST

NBR reduces VAT on LPG cylinders


The National Board of Revenue (NBR) has reduced Value Added Tax (VAT) on locally produced Liquefied Petroleum Gas (LPG) cylinders in a bid to facilitate its domestic production.

The VAT on LPG cylinders has been slashed to 5.0 percent from 15 percent through issuing a Statutory Regulatory order (SRO).

The NBR order, dated September 24, 2020, came into effect on the day of its issuance and will remain valid until June 30 2021. 

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