Finance Advisor Salehuddin Ahmed presented the proposed budget for the 2025-26 fiscal year in a speech broadcast by state-run BTV on Monday. A broad range of consumer and essential products will benefit from VAT exemptions. For greener transport and energy solutions, the existing VAT exemptions on locally produced motor vehicles will continue. Along with that, hybrid and electric vehicles, including general and ICU ambulances, will be conditionally exempted from VAT until Jun 30, 2030. From Jul 1, 2028 to Jun 30, 2030, these batteries will be granted exemption from all VAT in excess of 5 percent.

Source: bd News24 June 02, 2025 11:10 UTC