Sugar tax withdrawn to check price hike: Effective 15 September
Dhaka, Sep 1 (bdnews24.com)—The government has decided to withdraw import tax on non-refined sugar in a bid to keep its price at tolerable level. In addition, the import tax on refined sugar will also be reduced, a government statement said on Wednesday.
The Tk 2,000 tax on each tonne non-refined sugar will be off from Sep 15, while the other tax on refined sugar, Tk 4,000, will be reduced to Tk 2,000.
Sugar traders' association president Anwar Habib welcomed the government move. He said, "We requested the government to withdraw the taxes on sugar." He also assured that there was no chance of a price hike after the Eid due to the initiative. Currently, sugar is sold at Tk 43 at mill gate, Tk 45 in the wholesale and Tk 47 in the retail markets, Anwar added.
The Tk 2,000 tax on each tonne non-refined sugar will be off from Sep 15, while the other tax on refined sugar, Tk 4,000, will be reduced to Tk 2,000.
Sugar traders' association president Anwar Habib welcomed the government move. He said, "We requested the government to withdraw the taxes on sugar." He also assured that there was no chance of a price hike after the Eid due to the initiative. Currently, sugar is sold at Tk 43 at mill gate, Tk 45 in the wholesale and Tk 47 in the retail markets, Anwar added.
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