The government has proposed to increase the value added tax (VAT) on amusement parks and theme parks from 7.5 per cent to 15 per cent. The VAT on the service provided by tour operators and tour guides has also gone up in the budget for fiscal year 2024-25, reports bdnews24.com. Finance Minister Abul Hassan Mahmood Ali proposed the increases in the budget he presented to parliament on Thursday. It’ll bring a negative impact on tourists,” said Md Yunus, director of the Media and Publication Department of the Tour Operators Association of Bangladesh (TOAB). “When the government withdraws VAT rebate it will increase the cost for tourists.

Source: bd News24 June 06, 2024 12:19 UTC